How Stockton Went Broke: A 15-year Spending Binge


SAN FRANCISCO (Reuters) - The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis.

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Topics:  bankrupt city   bankruptcy   california   health care   stockton   
  • GOP boycotts health care advisory boardGOP boycotts health care advisory board
    House and Senate Republican leaders told President Barack Obama Thursday that they will refuse to nominate candidates to serve on an advisory board that is to play a role in holding down Medicare costs under the new health care act. More
  • For some Detroit services, call the D.I.Y. Dept.
    Detroit may be broke but it will soon have a first-rate motor pool, featuring 23 new ambulances and a fleet of 100 new police cars. Some city parks also are getting tender loving care. New fruit trees and shrubs have been planted, and mowing crews are beginning to make the rounds to keep the green spaces tidy. More
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    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
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    Come January, millions of low-income adults will gain health insurance coverage through Medicaid in one of the farthest-reaching provisions of the Obama health care law. More
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    Virgin Galactic is one flight closer to becoming a commercial "spaceline." The company's passenger spacecraft, SpaceShipTwo, completed its first rocket-powered flight Monday morning above the Mojave Desert in California. More
  • The 50 Greatest Baseball Books of All Time
    After Jackie Robinson broke baseball's color line in 1947 ... certainly contributed to his exclusion from the Hall of Fame which he surely deserved after a 15-year career that included a 208-126 won-lost record and a lifetime 2.92 earned run average.
    04/6/2015 - 5:05 am | View Link
  • Judge gives Stockton, California, green light to exit bankruptcy
    SACRAMENTO, Oct 30 (Reuters) - The bankrupt city of Stockton, California, received a green light in federal court on Thursday to end its more than two-year foray in bankruptcy protection, leaving pensions administered by public pension giant Calpers untouched.
    10/30/2014 - 4:17 pm | View Link
  • The Indebted States of America
    Over a 15-year period, 19 states wrote debt limitations ... officials seeking legal loopholes for further debt spending. In the second half of the nineteenth century, for instance, some states, now restricted from doing it themselves, used local ...
    08/14/2014 - 6:29 am | View Link
  • Recap: Breaking news, traffic and travel across Teesside
    ... crime and breaking news updates from the Evening Gazette covering Middlesbrough, Stockton, Redcar and Cleveland and North Yorkshire for Friday 22 November, 2013. Jobs Motors Property Directory BuySell Family Notices Dating Cashback Book an Ad Cookie ...
    11/21/2013 - 11:00 am | View Link
  • 'Flirty' Catholic priest, 58, who stunned parishioners last week for admitting to making a woman pregnant has welcomed a son to the world
    Father Daniel 'Dean' McFalls’ son was born on Saturday and given the name, Gabriel McFalls, 58, voluntarily quit on Tuesday from St Mary's Catholic Church in Stockton, California, after he broke the news to his congregation He was given indefinite leave ...
    09/30/2013 - 6:53 am | View Link
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  • Today’s Layoffs, Closings, Bankruptcies,etc.: through 3-11 ...
    Today's Layoffs, Closings, Bankruptcies,etc.: 02-13-2015 . California jobless claims jump 18,000. Costco backs away from proposal for store in north Auburn
    05/25/2015 - 12:01 pm | View Website
  • Lowe’s Home Improvement
    (209) 956-7200 · 3645 E Hammer Ln Stockton, CA 95212
    05/25/2015 - 10:20 am | View Website
  • Kingman Daily Miner
    Kingman High Junior Kira Waller leads the class of 2015 during commencement on Thursday. (RYAN ABELLA/Miner)
    05/25/2015 - 9:52 am | View Website
  • Ulta Beauty
    (209) 235-1209 · 5410 Pacific Ave Stockton, CA 95207
    05/25/2015 - 4:51 am | View Website
  • Gypsum Industry News
    Hyattsville, MD – The Gypsum Association announces the election of the follow . 03.27.13 Construction Spending Stumbles at the Beginning of 2013
    05/25/2015 - 4:22 am | View Website
  • More

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