than_west

Stockton, California to File for Bankruptcy
Stockton, California, to File for Bankruptcy, City Says - Businessweek

Philip P

*Nick Diaz voice* 209!

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Andrew Scherer

“It’s a sad day in the city of Stockton,” Mayor Ann Johnston said before the budget vote. “I see no other solution to this.”


legalize and tax meth

stockton would go from broke to babylon in short order

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papajohn56

Anyone else surprised that labor unions are a part of this?

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BenjaminButton

Womp womp wompp..

California is eating economical shit right now.

d_diggler

Maybe they should start a war with a neighbouring city.

If they can expand their boarders they can control more resources which would allow them to keep their failing system going for a little longer.

Mr & Mrs too old to care, also the only people in town who bother voting, would surly go for that.

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The road to hell is paved with good intentions...

than_west

?yes

jryan21

R.I.P. Stockton

dchuk

wait, has anyone in this thread ever been to stockton?







it sucks a lot of dick

Moxie

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stack paper

The entire central valley is nasty.

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greenleaves

In other news, City that goes bankrupt learns nothing and decides to re-start the same insanity that lead them to bankruptcy.

cardine

From Wikipedia:

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papajohn56

Let's look at a list of Stockton's top employers:

1 San Joaquin County 5,938
2 Stockton Unified School District 4,000
5 California Division of Juvenile Justice 1,492
7 City of Stockton 1,425
9 North California Youth Center 1,000

5 out of the top 10 are government.

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charlesmartel

It's the Greece of California.

turbolapp

For some reason this depresses me more than the bunny with no ears that got crushed to death by someone's boot.

Andrew Scherer

thats insane

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pewep

Clearly Obama is to blame.

Garrett

Stockton is such a shithole. Not surprised to hear this.

ly2 from WF

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papajohn56

And California is the Greece of America. Yeah the weather is nice year round in a lot of areas, and the lifestyle is good, but holy shit run away from the taxes and failing gov't.

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kingofsp

Like Lodi? John Fogerty would be all for it.

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ThisWebThing

California is not greece yet. If California goes down in flames.. the us will follow.

CA is very important to the us economy.

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District of Corruption


Obama Gets Back To Work: On The Golf Course

Incomes Have Fallen $3,040 During the Obama ‘Recovery’


More Americans Will Use Food Stamps For Thanksgiving This Year Than Ever Before

Federal Food Stamp Program Spent Record $80.4B in FY 2012

dmnEPC

This is just the start. Once one city decides it can solve its budgetary shortfalls by bankruptcy it wont be long for many others to follow suite. That is once they see how easy it is. Maybe if these government's would actually tighten up their belts and actually do what everyone else does when they dont have money (stop spending) they wouldn't be in this situation.

music4mic

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dchuk

You're severely overestimating how much people care about Stockton in California. Much less Northern California on the whole.

dmnEPC

Its not that people give a shit about Stockton, most people couldn't tell you the first thing about it. The problem is when the mayor of another shitty city hears about this and a light bulb goes off in his tiny little mind.

But then again none of the other states tried to withhold income tax refunds after California pulled that a few years ago.

Dresden14

since when the fuck is stockton a real city anyway? I blame the threat to the south. ((Stockton (city) QuickFacts from the US Census Bureau)) says 57% white, that shits a bullshit lie for that shithole.

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BigWill

Think of how many people banked like a mother fucker. Over paid, under worked, sitting on their asses.

Simply take that tax money from the real workers, then file bankruptcy when your community fails to produce anything real in volume and can no longer pay your $35/hour/health insurance/401k/full benefits package.

Real workers getting gamed...

ThisWebThing

US cities with highest, lowest unemployment rates


Thought id post this here... somewhat on topic.

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District of Corruption


Obama Gets Back To Work: On The Golf Course

Incomes Have Fallen $3,040 During the Obama ‘Recovery’


More Americans Will Use Food Stamps For Thanksgiving This Year Than Ever Before

Federal Food Stamp Program Spent Record $80.4B in FY 2012

charlesmartel

Los Angeles has about 2 to 3 years before it's bankrupt. By then, gov't pension obligations will exceed $1 billion a year.

http://www.calwatchdog.com/2012/04/3...of-bankruptcy/

Dresden14

.....start buying bullets if you havent already

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AIM U/N: 'die Endlösung; lulz'

bodiddley

Stockton is a pretty unique situation for what it's worth. It's indeed a shithole, a low-class farming and port town a stone's throw away from a major metro of 6-7 million people (Bay Area) that has probably the most expensive housing of any metro area in the country. So the Easy Bay middle class buy mcmansions in Stockton and commute to work. But once the construction boom ends and the foreclosures start, a town that's economically depressed to begin with takes it up the ass, hard.

Off the top of my head, I can't think of a situation quite like this anywhere else in the U.S.

cardine

Isn't this just like any other shitty exurb?

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ly2 from WF

over 5000 of hacks cousins live in Stockton

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thefallsman

Stockton is possibly the worst city in America

bodiddley

Dude, you got to show Orville in flight...close but no cigar

bodiddley

Not really...stockton is listed as its own MSA, and the housing cost differences between it and the bay are pretty extreme

Island

That just sucks, economy fail.

BenjaminButton

I used to work at this records office in Milpitas, CA. Had employees at the office driving from Stockton to fucking Milpitas. I thought I had it bad with a 20-30minute drive. These fuckers would commute 2 hours ever fucking morning to get to work on time. Shit must be really bad there.

ThisWebThing

^^^^ Interesting share. 2 hours one way then?

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District of Corruption


Obama Gets Back To Work: On The Golf Course

Incomes Have Fallen $3,040 During the Obama ‘Recovery’


More Americans Will Use Food Stamps For Thanksgiving This Year Than Ever Before

Federal Food Stamp Program Spent Record $80.4B in FY 2012

BenjaminButton

2 hours one way. 2 hours back home.

The way they worked it actually, they started their shift an hour earlier (6am-3:30pm) Mon-Thur. And Fridays they got to leave at noon (6am-11:30am).

Veritas

Haha, that's so true, I used to live close to Stockton, 20 mins from there, it's actually lot worse than couple of years ago

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BenjaminButton

Fuck, I'm in Oakland. I thought it was bad out here. Oakland is trash too, beautiful city. But the people that live here, man.

ThisWebThing

4 Hours a day driving.... Uhhh doing that now, must burn a lot of gas.. well its going down a little .. but 4 hours a day.. hope they had good mpg cars.

__________________
District of Corruption


Obama Gets Back To Work: On The Golf Course

Incomes Have Fallen $3,040 During the Obama ‘Recovery’


More Americans Will Use Food Stamps For Thanksgiving This Year Than Ever Before

Federal Food Stamp Program Spent Record $80.4B in FY 2012

BenjaminButton

I'm not even shitting you.

They were in this:



It was 4 asian female workers. They all came in the same car.