2008-05-26

canadaeast.com - California city that is in bankruptcy may become the model for others

http://www.canadaeast.com/front/article/306346

California subburb goes bankrupt. And unlike Orange County, it wasn't
because of stock market gambling.

The article blames employee salaries, but I suspect other reasons
apply, such as low taxes over many years.

Be warned, the end of suburbia has begun.

Envoyé depuis mon iPod / Sent from my iPod touch.

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