Thursday, May 30, 2013

Sonoma County, California: The Newest Financial Disaster

I'm sure that Sonoma County boosters are overjoyed to see this beautiful place getting media attention -- although perhaps not this May 29, 2013 Financial Post story:
‘A disaster in slow motion’: Wine country latest California region to face fiscal crisis
Wow.  A county of far left millionaires is now in serious financial trouble because of overly generous pensions for public employees.  Who would have guessed?

1 comment:

Windy Wilson said...

Chapter 9 Bankruptcy was enacted to address this problem of promises by governments that cannot be kept.