Monthly Archives: October, 2009
City Bankruptcy?
The talk about the city going into bankruptcy to solve its budget woes is as flippant as talk about a family going to Las Vegas, so they can pay off their grocery bills. With a revenue stream of more than $1 billion annually, a pooled investment portfolio of $2 billion, and a tax-base with healthy GDP of over $50,000 per capita and rising, San Diego has few excuses.
The painful cuts to city services over the past three years would be akin a family starving itself to save dollars and cents, so that someone can go to Vegas to gamble it off.
