K. Lloyd Billingsley
| Friday July 20, 2018 at 10:34 AM PDT
Pseudo economics driving municipal bankruptcies across the U.S.
Lawrence J. McQuillan
| Friday September 25, 2015 at 11:17 AM PDT
Four U.S. cities went belly up recently, and all declared bankruptcy largely due to unaffordable government pension costs. The outcomes of these bankruptcies should make everyone think twice about lending money to cities with serious public pension debts. The graphic below shows the outcome of the municipal bankruptcies in Vallejo, Detroit, Stockton, and San...Read More »
| Friday June 8, 2012 at 2:23 PM PDT
It seems that push has come to shove in some California cities. The Stockton City Council voted to give its City Manager the green light to file for bankruptcy—which could address the problem of that city’s debt, now thought to be in the range of $25-40 million. The City’s diminished income is not up...Read More »