bankruptcy san francisco
Will California ever get out of bankruptcy?
I would love to move to San Francisco and am losing hope because how bad the economy is and with California’s money issues.
Will California ever get better finance wise or only worse.
Edit: I know their not in bankruptcy, however they are close.
Right now the issue is revenue vs. unemployment (and of course other peripheral issues such as salaries and scuzzy/corrupt spending, benefits that go to illegal immigrants but actual citizens don’t have access to and legal fees paid by the state to assure these things, etc… but again, those are secondary issues moreso than core issues). Afterall, you can’t tax people who don’t have an income, and when the official number, which only includes people actually getting benefits, is about 12%, and the unofficial number is somewhere closer to 20%+ then, well… There’s a conundrum – do you cut back and stop spending at all to pad the budget, thus causing more job losses (so the state has money, but no one in the state does… and eventually the state would then have no money anyway) or do you spend more and go far into the red, but in doing so increase jobs and thus more money to tax? Right now, there hasn’t really been a clear decision made (and most of the plans being implemented are pussy-footed and backwards/peripheral), so we’re in limbo… but so is the entire country (note: California isn’t the only state with a deficit/verging on bankruptcy, just the most publicised – other states and municipalities have actually tapped into emergency funds to counteract financial problems/keep the state from going bankrupt/keep job losses at a minimum).
Point being? It’s a screwed (curse Y! Answers censoring words!) situation all around with no clear way out… things are gonna have to level off as far as jobs, benefits, etc… before getting out of the red is even the main concern (right now it’s just a matter of lessening the blow as much as possible), so it could take several years. But again, California isn’t the only state with this problem atm, and the Federal government is basically having the same problems (which obv. affects each state individually, too). This isn’t the first recession nor will it be the last, and likewise isn’t the first time California’s been in financial trouble (nor will it be the first time its bounced back).
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PACIFIC FAR EAST LINES SEWING KIT FROM 1978 SAN FRANCISCO BANKRUPTCY AUCTION $3.00 |
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Capital Intentions: Female Proprietors in San Francisco, 1850-1920 (The Luther H. Hodges Jr. and Luther H. Hodges Sr. Series on Business, Society, and the State) $4.89 Late nineteenth-century San Francisco was an ethnically diverse but male-dominated society bustling from a rowdy gold rush, recovery from the earthquake, and explosive economic growth. Within this booming marketplace, some women stepped beyond their roles as wives, caregivers, and homemakers to start businesses that combined family concerns with money-making activities. Edith Sparks traces the exp… |
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Asian finance and the role of bankruptcy (Pacific Basin working paper series) … |
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In the District Court of the United States, for the Southern District of New York: In bankruptcy. In the matter of the Brentwood Coal Company, … (of San Francisco), of counsel for Williams … |
