Monday, April 1, 2013

Had to happen

So Stockton, CA has officially filed bankruptcy, not sure why they waited this long.  The Result of this will, I expect, be a lot more bankruptcy filings.  You can also expect a lot more unemployment as cities continue to layoff employees.   We may be looking at a new round of foreclosures before long, as the previously safe Government Employee's realize they're no longer safe, and decide they can't afford their homes anymore.  

If I were a laid off government employee I'd be pretty damn worried about getting a job anywhere.   As someone who was once a hiring manager an ex-government applicant would be pretty low on my list of potential hires.

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