Thursday, January 21, 2010
San Diego : Drowning in the sea of red ink
Pick your choice :
1. To maintain the current pension obligation, San Diego city would have to fork out $232 million this year, which means reducing vital public services: street repairs, police etc...
2. or to declare bankruptcy, and pay $200+ millions for attorney fees, which means even more draconian cuts on all vital public services.
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