Health Care, Bankrupt City | featured news

How Stockton went broke: A 15-year spending binge

Stockton

The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis. It was a decision that gave firefighters full healthcare in retirement starting on January 1, 1996, said Bob Deis, the city manager of Stockton, California.

 

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