California bankruptcies are only the beginning State, National, International, posted by Al P., a resident of San Ramon, on Jul 12, 2012 at 12:25 pm
Go to CNN Money for the full story. Anyone who thinks it won't happen here needs to listen up. I think the voters need to do what our politicians cannot do. Movements to get costs under control by way of the ballot seem to be the only way. I challenge anyone to show a public company that pays pensions and full healthcare at 50! And some of these bankrupt cities were paying pension MORE than what the persons salary was.
Posted by Westerner, a resident of San Ramon, on Jul 13, 2012 at 9:59 am
I understand that the City of San Ramon is in better financial condition than most cities. Of Course, if the Gang of Three were to get elected again, San Ramon would be in bad shape just like any other city.
Posted by GL, a resident of San Ramon, on Jul 13, 2012 at 10:05 am
You are right on the money with your comment. Benefits and retirement for public workers has gotten way out of hand and is obviously not sustainable. On the article you refer to on CNN Money... Could you be more specific. Just going to CNN Money and browsing has not yielded any article dealing with the current city bankruptcies.
Posted by Tom Cushing, a resident of Alamo, on Jul 13, 2012 at 1:35 pm
There was a Raucous Caucous blog about this subject last November Web Link. It grew out of a much longer article in Vanity Fair, by Michael Lewis of Moneyball fame. Web Link
Posted by Ms. Bunny, a resident of San Ramon, on Jul 18, 2012 at 8:05 am
Interesting...In the past two weeks, I've noticed a real surge in the local newspaper of foreclosures. I think most of us know, it isn't "over yet" here in Nor. California in regard to the economic downturn - still losing jobs; still companies downsizing far more than hiring. Those who have held on as long as they could in smaller businesses, closing down. Traveling to many "tourist" cities in the last six months...There are numerous empty storefronts wherever I go...Sad. Just isn't over yet...We're really some years away from any sign of real prosperity again...Would like to think I'm wrong...but see no real stability yet.
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