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Going For Broke: Another California City Files for Bankruptcy

Now three California cities are bankrupt. San Bernardino, CA filed for bankruptcy after announcing that it could not meet payroll. Add to the list Stockton, CA and Mammoth Lakes, CA. Which cities are next? Who is to blame? Is America facing a wave of municipal bankruptcies? Find out as Terry Jones of IBD and Don Watkins of the Ayn Rand Institute discuss municipal insolvency on this Front Page.

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