…are on the way.
This being the liberal utopia of stupidity, doesn’t surprise me in the least. I’ll bet dollars to doughnuts that the morons in this state will vote themselves another tax increase so that they can pretend that it will solve all their problems. Or, they’ll do like normal and focus on taking away more gun rights instead of fixing the state’s budget problems. Of course, getting rid of all the liberal idiots from the state legislature would be a great leap in the direction of fixing this state’s problems, but it will never happen, at least until the libtards decide to invade another state and fuck that up too. I’m talking about you Nevada.
Moody’s: More Calif. cities at risk of bankruptcy
By HANNAH DREIER and GOSIA WOZNIACKA
SACRAMENTO, Calif. (AP) — One of the nation’s top credit rating agencies said Friday that it expects more municipal bankruptcies and defaults in California, the nation’s largest issuer of municipal bonds.
Moody’s Investors Service said in a report that the growing fiscal distress in many California cities was putting bondholders at risk.
The service announced that it will undertake a wide-ranging review of municipal finances in the nation’s most populous state because of what it sees as a growing threat of insolvency.
The report has both investors and government leaders worried.
Three California cities – Stockton, San Bernardino and Mammoth Lakes – have filed for bankruptcy so far this year. They are not likely to be the last, Moody’s said.