Well I think this is where the City of Los Angeles
(the 800 pound gorilla in the room standing in the corner), is going to be pivotal and set precedence for the entire country IMO.
Because eventually (unless possible Fed intervention or voluntary pension and pay reductions), L.A. is going to be insolvent.
Heck they can’t even stop the 5.5 percent raise that is due in January.
We will see what transpires fairly soon IMO (my guess within 10 years)
