Judge Rules To End Debt Slavery For Stockton, CA

We finally have some great news for the financial future of all of us. As Mish reported yesterday, “Today a judge ruled that the city of Stockton California is indeed bankrupt and that the city acted in good faith. Creditors asked the judge to void the bankruptcy, saying the city could raise taxes instead.” Since people should pay their debts, some conservatives might complain about this situation. So let me explain why it is a wonderful decision. First, regarding debt in general, no one Read more […]