Stockton, California Bankruptcy Permitted by Judge. Municipal Bondholders May Be In Jeopardy.

• Who will invest in municipal bonds?
• Once considered a safe investment.
• Creditors may not get paid.
• Cities in California, Michigan, Illinois and others,  may have to pay cash for services from now on.
• City and State leaders who set up this largess; are long gone.
• Governor Brown can cancel his $100 billion Choo-Choo train and bail out his mess. Sarcasm off.
• Eventually the money will be gone.
• Think about this: Democrat run California is $127 billion in debt, but Texas has $8.8 billion surplus.
• Just some thoughts for today.

Read more from the AMERICAN THINKER by Rick Moran.