People walk into Stockton City Hall on June 27, in Stockton, California. Members of the city council voted 6-1 to adopt a spending plan for operating under Chapter 9 bankruptcy protection. The move will make Stockton the biggest U.S. city to file for bankruptcy protection from creditors.(Getty Images)
People walk into Stockton City Hall on June 27, in Stockton, California. Members of the city council voted 6-1 to adopt a spending plan for operating under Chapter 9 bankruptcy protection. The move will make Stockton the biggest U.S. city to file for bankruptcy protection from creditors.
(Getty Images)

Bankrupt U.S. Cities Indicate Nation’s Future

July 12, 2012  •  From theTrumpet.com
Washington can print money to forestall national collapse. States can leech off that currency stream. But for some cities, that have no such rabbits in their hats, the collapse is happening now.
 

When selecting a setting for his nbc sitcom The Office, Executive Producer Greg Daniels decided on Scranton, Pennsylvania, in part because the city is typical. The Emmy-winning show wanted to ridicule American corporate life, and needed a typical American city to let the mockery happen in. Scranton embraced The Office, and has enjoyed nationwide recognition as a result of the hit show’s setting. But now, the former coal town is making headlines for a very different reason.

Last Friday, the city of Scranton sent out paychecks to its employees, as it does every two weeks. But these checks were for amounts significantly smaller than usual because Mayor Chris Doherty reduced all city employees’ pay—including his own—to the state minimum wage of $7.25 an hour.

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