Stockton bankruptcy is hard hit for city retirees
Gosia Wozniacka/Associated Press
Stockton bankruptcy is hard hit for city retirees
Guillermo and Betty Garcia stand in their downtown Stockton clock and jewelry shop on Wednesday, June 27, 2012. Garcia said the Stockton bankruptcy will have a trickle effect on residents and business owners, including a rise in crime and more businesses going belly up.
Gosia Wozniacka/Associated Press
Stockton bankruptcy is hard hit for city retirees
Pedestrians cross a street near the Bank of Stockton on Wednesday, June 27, 2012, in Stockton. When Stockton becomes the largest U.S. city ever to file for bankruptcy, it will strike a hard blow to residents, especially city employees and retirees whose health benefits and pensions helped drive the city toward insolvency.
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Darrell Baumbach posted at 1:41 pm on Mon, Jul 2, 2012.
inevitable consequence of unions in california... unsustainable
Jerry Bransom posted at 7:46 am on Thu, Jun 28, 2012.
Failure of Leadership plain and simple. You get what you vote for. This should be a wake up call to people who refuse to look at ALL government employees and hold them to the same rules we all must live by.