Tuesday, June 18, 2013
Bankrupt Stockton, CA and The Domino Theory
Yesterday the powers that be in Stockton, California met to discuss their route to municipal bankruptcy. This central California city of 250,000 people today followed Vallejo, California into the realm of distinction of governmental bankruptcy. Currently in arrears of payments due in the tens of millions of dollars, the city has debt of nearly three quarters of a billion dollars.
Last year Forbes deemed Stockton as America's most miserable city. Homes sales have plummeted as productive taxpaying American citizens deserted the city over the last decade and decimated the tax base of that city. The Gallup group ran a national study of obesity in America. Stockton took the Blue Ribbon with a 34.5 percent obesity rate. Illegal Mexicans, armed with Food Stamp cards and tax-free wages, are largely responsible for the crisis. The combination of heavy Hispanic foods and a newly developed American appetite for Big Macs is the cause. The University of Connecticut ran another national survey and found Stockton residents to be the most illiterate group in the United States.
When I was growing up in the central valley of California, Stockton was a prosperous medium size, inland port city governed by responsible leaders and peopled by hard-working American citizens. Their future was bright indeed.
Well, for one, politicians gave excessive benefits to their municipal unions in order to secure electoral support. Now the city is unable to pay those $150,000 dollar a year plus retirement packages.
And, like just about every other California city, Stockton has had to absorb their share of millions of illegal invaders. The latest official census indicates illegals are now in the majority, pay few taxes and are sapping the life out of municipal services.
Government union greed and an unprecedented illegal invasion has bankrupted California and the state's cities are crumbling one by one.
Get ready America. Vallejo and Stockton are just the first couple of dominoes to fall. As Obama and Holder and Napolitano mount an assault on all efforts to protect our borders and deport the invaders it's going to get worse.
America, when Arizona needed you to stand up and fight Emperor Obama too many of you sat on your asses and laughed it all off. Let's see who's laughing when the invasion reaches your city.
NOTE: Today, July 11, San Bernardino just announced their bankruptcy. What does Stockton and San Bernardino have in common? A huge illegal community and a Hispanic population which represents 70% of all residents.