A federal bankruptcy judge has ruled that Stockton, California can bankrupt.
The city of Stockton, California did not, repeat, DID NOT, spend and acquire
debt that caused this bankruptcy. Think about it. The CITY didn’t do it. The
people who had the responsibility to collect taxes and spend that tax money
prudently caused the bankruptcy. Those people who were elected throughout
the years and those people appointed throughout the years by those who were
elceted did it. There is no argument about that. They, individually and
collectively, made “deals” which were “legal” over the years which they all
knew were irresponsible and could not be justified. But……BUT….they
didn’t give a damn because it was in their political or personal best
interest(s). Sweetheart “deals”. Union “deals”. Re-relection considerations.
Screw the people (taxpayers). Stockton is a city……so the Stockton City
Council is the body that made all those irresponsible “deals” possible by
passing laws/rules which made them all “legal”. That federal bankruptcy
judge is just as guilty as those “officials” of Stockton who made all those
“deals” which has bankrupted the city. The correct ruling by the judge would
have been to hold all those “city officials” liable for all the debt which
has been acrued. Not the city itslef. Oh, don’t give me that crap about
“officials” being exempt from responsibility and liability. Because it was
“officials” who have made laws/rules to exempt themselves and their
successors.
Here’s a very, VERY, radical example of how government “officials” make
laws/rules which make anything, ANYTHING, “legal”. The German Government law
making body passed laws during the 1930’s which made it “legal” to murder
ten million people in concentration/death “camps”. Legal? Really? Just
because a law making body of a government says it’s “legal”??????
And, it’s not just the city of Stockton, California. The same thing has
happened, and is happening, in almost every village, town, city, county,
state in the United States Of America. That is also what has happened, and
is happening, to the United States Of America Government.
Any “economist”, or anyone, who defends or endorses such financial
management idiocy as has been, and is being, practiced by most governmental
bodies in the United States Of Amercia should be indicted, tried, convicted
and incarcerated for fraud.
Stockton, California is one of the first in what is going to happen to
almost every village, town, city, county, state government and the federal
government.