Democrat controlled California city of San Bernardino file for bankruptcy with over $1 billion in debt
Ho hum. Another day, another city in the land of fruits and nuts California files for bankruptcy. This one is San Bernardino and has a population of around 200,000 people. The city is over $1 billion in debt. California continues to crumble under the weight of their Marxist Democrat government. Which city will be next?
San Bernardino on Wednesday became the third California city to declare insolvency, joining Stockton and Mammoth Lakes after officials say they filed an emergency petition for Chapter 9 bankruptcy.