Comments about ‘Experts say municipal bankruptcy is losing serious stigma’

Liberal California is finding out where Liberal ideas take us when other peoples money is exhausted. Is hope for nirvana here and now so precious to liberals that here in this mortal sphere with forces of good and evil working on everything, our right for life liberty and the pursuit of happiness is worth squandering for nothing? It is immoral to spend more than you take in.

In our entitlement society, personal bankruptcy lost its stigma years ago, why should it be different for municipalities? Everyone knows that the money owed after a bankruptcy just magically disappears and everyone starts "fresh". I like that word - "Fresh". Businesses and individuals feel "fresh" when a person or municipality that owes them money, money that was lent in good faith, gets to legally walk away and the business or individual gets to smile and be thankful they were able to facilitate whatever the borrower frittered the money away on. Pfffffttt.

Tax payers who are at the foundation of the revolt should not be embarrassed when they have to pay for financially irresponsible politicians. Angry, yes, but not embarrassed.