Comments on: Why doesn’t Stockton challenge CalPERS in bankruptcy? http://blogs.reuters.com/muniland/2012/08/10/why-doesnt-stockton-challenge-calpers-in-bankruptcy/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: toughbutfair http://blogs.reuters.com/muniland/2012/08/10/why-doesnt-stockton-challenge-calpers-in-bankruptcy/comment-page-1/#comment-1626 Sat, 01 Sep 2012 04:38:10 +0000 http://blogs.reuters.com/muniland/?p=11773#comment-1626 Good question.

I wonder if we are headed to a condition where legislation will no longer be effective, and all financial issues surrounding our years of “irrational exuberance” will have to be settled in the courts.

If our state and national politicians themselves hadn’t become so corrupt, and opted out of their responsibilities to We the People, we wouldn’t be dealing with these terrible conflicts all across this nation.

Someone needs to remind all elected officials that they are public servants of We the People – nothing more, and nothing less – and that politics is the art of reasonable compromise.

I think it’s a sure bet that the American people won’t be electing any more Presidents from California – or from Texas any time soon . . if ever.

We the People simply can’t afford any more Ronald Reagans or George Bushes.

And we definitely don’t need a politician as President whose only qualifications are as a corporate turnaround artist, and whose first loyalties are to his religious cult beliefs and to his low tax rates.

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By: econundertow http://blogs.reuters.com/muniland/2012/08/10/why-doesnt-stockton-challenge-calpers-in-bankruptcy/comment-page-1/#comment-1620 Fri, 10 Aug 2012 02:40:26 +0000 http://blogs.reuters.com/muniland/?p=11773#comment-1620 “”But even greater, they worry that it would impact the current employees and cause a mass exodus of city employees.””

Where are these city employees going to exodus to?

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