California, increasingly pulled down by its unsustainable social welfare system, heavy legislative and regulatory burden and exploding Third World population, is going bankrupt – one city at a time, it seems. The latest city to go belly up is San Bernardino. RT America reports on the decline of the once-Golden State:
Mayor Pat Morris of San Bernardino
With more than $1 billion in debt, California’s San Bernardino filed for bankruptcy on Wednesday. The city, which is the third in the state to go bankrupt in five weeks, blames its economic catastrophe on the 2007 housing crash.
The bankruptcy filing states that the city has between 10,001 and 25,000 creditors and owes “more than $1 billion.” It disclosed a 30 percent shortfall in the city’s budget – $46 million.
San Bernardino is California’s third city to file for bankruptcy protection in the past two months, following Stockton and Mammoth Lakes.
The filings come at a time when California cities are struggling with rising pension costs and growing unemployment. San Bernardino currently has $195 in unfunded pension obligations, $61 million in unfunded retiree healthcare and $40 million of workers compensation.
“Just by looking around you can see that the city is going down,” small business owner Marcus Nelson told the Associated Press. “On this block there’s only three business – [mine] and two other pawn shops.”
…[O]ther cities in the state are also in deep fiscal trouble. In July, the mayor of Compton, a small city outside of Los Angeles, asked state auditors to investigate unspecified “waste, fraud and abuse of public monies.” Financial officials predict it could file for bankruptcy within the next month.
Auditors are also worried that Victorville, California could go down the same route.
The description of San Bernardino as being Third World is entirely accurate. Prior to the Immigration Act of 1965 which opened the flood-gates to the Third World, this was an entirely different city. According to the 2010 Census, the city is now just 19% White (down from 65.6% in 1970). A full sixty percent of the population is Hispanic. It should also be noted that 75% of San Bernardino’s budget goes to public safety agencies. Government has long been the largest and fastest-growing employer in the city, signaling big problems. San Bernardino is the poorest city of its population size in California, and the second poorest in the US next to Detroit. Mayor Pat Morris (D) says the city may be forced to dissolve its fire department or part of its police force.
In other news, the US continues to spend $300 million a day occupying Afghanistan.
The errors of diversity and multiculturalism are innate. By their very nature they can not succeed. Their ascendance can only be temporary. For instance it is prosperity and jobs that attracts third world immigrants. Prosperity also makes the welfare state possible. But once either goes beyond a certain point the prosperity is gone and with it the immigration and welfare state. It’s happening now. ‘America’ has built on the sand and is therefore doomed.
Aaahhh, the land of the fruits and nuts. It is sad in a way to see CA going down the tubes, but the way CA goes so does the rest of the nation. Or so it is said. Could L.A. be next? One can only wonder. Just my thoughts.
Deo Vindice
City people —the Yankee model— believe their social position is to “process talent,” and redistribute income. I.E., manage everybody. But they have nothing to offer, other than collecting, stepping on the money, and giving some to the non-productive part of the public (usually connected to Warfare or Welfare).
I talked to a military guy who actually thought he paid taxes…and did not really understand he was paid BY THEM, and that was connected to his degradation of the public (they were stupid, ignorant, racists, etc, etc) —but the degradation often precedes taking their money.
The economic management class is sometimes shocked when their “Day of the Locusts” leaves nothing more to distribute.
In a town that went from 70% white Generational Americans to 65% latino— they must be very confused, feeling they’ve “done all the right things” in giving to the poor and so on.
But the Management Class makes tons of money, stamping on what they collect. They will just take what they have and maybe leave the country when its used up
‘City people —the Yankee model— believe their social position is to “process talent,” and redistribute income. I.E., manage everybody. But they have nothing to offer, other than collecting, stepping on the money, and giving some to the non-productive part of the public (usually connected to Warfare or Welfare).’
Agreed. Well said.
“And in San Bernardino, a city where 75 percent of its budget goes to public safety agencies, the bankruptcy will lead to widespread layoffs or cuts in employee compensation, affecting the police and fire departments.”
And we are supposed to feel alarmed at this. According to the Socialists/Marxists, BHO, Nancy Pelosi, and Harry Reid, yes. This issue demands wealth redistribution. San Bernardino is too big to fail. We need another stimulus package to help bail out cities like this. They (San Berdo, need BHO and his book of lies, “Dreams of my Father”) to bail them out. Only progressives (Socialists/Marxists)can feel the pain of the oppressed and can solve it thru the gubmint’s legalized poinzi scheme. Take from the rich and give it to the poor, down trodden minorities, the Hispanics. Lord knows we cannot afford to have them immigrate back to Mexico. Who will do the mindless, and less than stellar, jobs in CA?
“But budget problems hit hard in 2007. The city of about 210,000 residents suffered from the collapse of the housing market, and had the second highest foreclosure rate in the US.”
This is what you get when you let 3d world people purchase homes who cannot afford mortgage payments. Thank you Barney Rubble, oops, I mean, Frank, and Chris, the mouth, Dodd. I have no sympathy for CA. They went 3d world and this the price they have to pay.
Harold, you are absolutely right in your observations.
Just my thoughts.
Deo Vindice
I know this sounds callous but I really don’t care what happens to California. They have made their bed so lie in it. The only concern I have is how to prevent the third world aliens from completely taking over Dixie and how to severe ties with the US government in order to maintain our culture.
The RT article fails to mention the connection to mass Hispanic immigration. Not surprising; our domestic media ignore it too.
RT recently had a news story on the Anaheim riots and mentioned the ‘generations of police brutality against Hispanics’. They definitely see it through the usual anti-White lens.
-VA
Hmmm…where do I begin…this part of Cali is my roots, my hometown. I know it like the back of my hand. First of all, SanBerdo was a cesspool since I grew up in a neighboring city (we all spoke with derision about SB), and that was in the late 1950′s and early 1960′s, so to say that it’s just NOW hit hard times is not true. It has the inglorious history of being the location of release of all Cali Fed Felons after time served, among other things. And hispanic gangs have roamed the area and especially SB since the 1960′s. So to be clear, this is a long-standing problem. It has often been referred to by the locals as “one of the armpits of California.” That being said, the housing problem there is just as bad in Rancho Cucamonga, Fontana, Ontario, and other small towns in the “Inland Empire (IE)” but only SB has taken the bold step to leak their decision to declare BK.
As for the “housing collapse” I can tell you how that happened that no one seems to cover in the MSM (care to guess why?? ha ha) and that is due to the take down of the Savings and Loan industry. I have personal experience with this as my Father was a S&L executive and believe me at his firm he did NOT approve home loans to those who could not make the payments. Dial the “wayback machine” back to the late 1980′s when the S&L scandal hit…unfortunately many S&L’s were caught up in the dirty dealings as they were all connected via the Fed Home Loan Bank board, just like all Banks are connected today. So if a big guy goes down, those in the chain are damaged too.
Then enter the 1990′s and the takeovers of the S&L’s by the giant banks, like Chase, Citibank, etc. That’s what happened to my father’s firm: leveraged buyout. Why? Because that eliminated those who would hold in check the risk taking of the soon to be housing scandal. My father spent most of his life building his tiny one office firm (starting as a teller and working his way up) to 15 branches throughout the IE with sound money practices – only loaning based on solid assets held by the firm. One day after the leveraged buyout it was all gone…poof! One man’s hard work gone with the stroke of a pen. My Dad passed about a year later with a broken heart; how could he not? He spent his entire life vigorously defending S&L’s and bristling that they were NOT A BANK, and “don’t ever call them that!!” It was difficult if not impossible to get most people to understand the difference, including with me. I remember him being extremely upset when Glass-Stegall was repealed; he felt it was the beginning of the end for the country (he grew up during the “Great Depression”) and he was absolutely correct. It’s not JUST that immigration has contributed to this problem, but the criminal actions of the Banksters that set the scene to allow it to happen, and literally led those who could not pay by the hand to the signing table.