The City of Stockton, California is preparing to file for bankruptcy. There was a time in the USA when hardly any cities took this drastic action, but I bet more are on the way. The "kick the can down the road" crowd in legislatures around the country has make it impossible for some cities and counties to pay their bills. Stockton today, everyone else tomorrow?
Date: June 27, 2012 - Keywords: Stockton, California, Bankruptcy, Broke, Unemployment - Hutch Report