Editorial: California Legislature needs to kill bad city bankruptcy bill - Inside Bay Area

Editorial: California Legislature needs to kill bad city bankruptcy bill - Inside Bay Area: "Unfortunately, federal rules give states the authority to block municipal bankruptcies. To date, California lawmakers have wisely resisted that temptation, recognizing that bankruptcy is a rarely used vehicle employed only in the most dire of circumstances.

But now some labor unions, rather than engage in meaningful negotiations with Vallejo, are seeking to rewrite California rules so that a state body of political appointees, the California Debt and Investment Advisory Commission, could block municipal bankruptcies."
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As the editorial say, this is "a horrible idea that will only undermine local governments' ability to seriously review unaffordable contracts with public employee unions." Like the UAW and the AFL/CIO, public employee unions seem determined to suck the last drops of blood from their hosts. Unions are making most of their current political leverage with ruling Democrats in California and Washington DC to advance a short term strategy. Card check, prestructured bankruptcy that preserves the union's perks, and this bone-headed bill in California are all intended to shift the rules so unions can't lose.