Progressive Accounting Practices: Another California City Files for Bankruptcy
- Post 18 July 2012
- By Copy Editor
(Pajamasmedia) -- Now three California cities are bankrupt. San Bernardino, CA filed for bankruptcy after announcing that it could not meet payroll. Add to the list Stockton, CA and Mammoth Lakes, CA. Which cities are next? Who is to blame? Is America facing a wave of municipal bankruptcies? Find out as Terry Jones of IBD and Don Watkins of the Ayn Rand Institute discuss municipal insolvency on this Front Page.
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"Question all which is 'taught,' dig deeper, think clearly, respond profusely. Conformity is the antithesis of free thought and self-determination." -- Standard Pearls