San Bernandino California Bankrupt;Bdgt Officials Have Been Doctoring Financials For Years

[AuH20]

Looks like they learned well from the CBO. Are there any honest men around anymore or does the system just attract the most ambitious boot lickers??

http://hotair.com/archives/2012/07/11/third-california-city-in-two-weeks-declares-bankruptcy/



City Atty. James Penman said city budget officials had falsified documents presented to the mayor and council for 13 of the last 16 years, masking the city’s deficit spending. “For the last 16 years the budget prepared for the council showed the city was in the black,” Penman said, not naming those allegedly responsible. “The mayor and the council were not given accurate documents.”[Mayor Patrick] Morris was taken aback by the comments, saying this was the first time he has heard of the allegations.

[RonRules]

Riverside is next!

The new area of Jurupa Valley, (originally called Rubidoux) right next to Riverside was heavily indebted ($262 million) through the "Redevelopment Agency". They built a bunch of lightly used gov. buildings and $20 mil libraries. They also used the money to tear down some malls and other business, but now have no money to rebuild!

You have a brand new city, with $262M in debt (from just redevelopment) with the main buildings torn down.

You can't even buy a pair of pants in this city!

In the last several months, I had a car stolen and a bike. A neighbor also got his car stolen, the inside was torn out when it was recovered. Three days later after it was recovered, the battery was stolen.

Oh BTW, there's no money for law enforcement. The county takes care of that (for now), but the county is $3.4 Billion in debt.

Welcome to California!

[RonRules]

The accompanying video with the article details the problem with California's higher education system:


http://www.youtube.com/watch?feature=player_embedded&v=L5jNK0IKdfg#!