Categories: In The News

Can This City Be Saved?

What happens when a city spends more than it takes in? Caught up in the boom times of the Silicon Valley, this city bought land and buildings beyond what it could afford, expecting that value would continue to rise. Today it is defaulting on bond repayments causing banks to seize property and laying off public workers threatening the safety of the citizens. Take a look at Stockton, CA as it edges closer to bankruptcy.

 

Teresa Wendt

A stay at home mom who runs a household, manages the finances, cares for a young adult autistic son, and cooks from scratch. Traveling from Arizona to Alaska summer of 2013. Visit my blog at https://ramblinroseaz.wordpress.com/ and follow along.

Share
Published by
Teresa Wendt

Recent Posts

Greenies Sue to Strangle American Energy Before Trump Can ‘Drill Baby Drill’

Green groups are suing to block Alaskan fossil fuel development after the Trump administration opened…

1 hour ago

Whistleblower Warns Massive Somali Fraud Happening In Third State As Cascade Of Exposure Powers On

A lawyer and whistleblower says mass welfare fraud committed by Somalis in the U.S. extends…

4 hours ago

Americans Still Concerned About High Prices But Less So Than Under Biden, Poll Shows

Many Americans are still concerned about facing high prices this holiday season, but less so…

4 hours ago

Ignore The Noise. America Finally Affording A Comeback

If you listened only to the woke media, you’d think America is still stuck in…

4 hours ago

Trump And Kennedy Should Crack Down On Fake Weight Loss Drugs

One of us is a former UFC Champion, and the other is an Army veteran…

4 hours ago

Newt Gingrich Pinpoints Exact Date Next Year When He Says Americans Will Feel ‘Trump Boom’

Former House Speaker Newt Gingrich predicted Thursday that Americans will feel a “Trump boom” by…

4 hours ago