The failure of the Vallejo, CA bankruptcy

Richard Rider, Chairman, San Diego Tax FightersRichard Rider, Chairman, San Diego Tax Fighters Leave a Comment

From my blog: http://open.salon.com/blog/richard_rider/2010/03/30/the_failure_of_the_vallejo_ca_bankruptcy Below is a depressing WALL ST. JOURNAL article detailing the Vallejo, CA bankruptcy as a possible solution to local government fiscal problems — and how it’s not working as hoped. The writer, Steven Greenhut, is the author of “Plunder!” — a terrific if infuriating book describing our public employees’ stranglehold on California. As California’s unsustainable public …