You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Judge Napolitano: Stockton, California Bankruptcy Is Consequence of Politicians' 'Reprehensible' Actions

A federal judge allowed Stockton, California, to become the biggest city ever to declare bankruptcy. The ruling opens the door for Stockton to potentially walk away from the hundreds of millions of dollars in public pension payments that it owes.

Judge Andrew Napolitano said frankly that he doesn’t know what will happen next. “Stockton is the beginning of a very, very long train.”

Napolitano says this is the consequence of reprehensible actions on the part of politicians in order to get votes. “How did they get votes? By giving these lavish [pension] deals to people who will continue to vote to keep them in office.”

Leave a Comment0

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

'Outnumbered' Set to Debut on Fox News Channel

They're outspoken, out of the box, outrageous and outstandingly smart! And he is outnumbered. Don't miss the premiere of a new panel show on Fox News Channel, bringing you a refreshing new twist on news. Check out all the details on "Outnumbered," debuting Monday, April 28 at noon ET!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" will reveal who we are as a nation – driven, passionate and uniquely American. Check out the latest installment: an inside look at Mutton Bustin!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!