Thursday, January 05, 2012

Maybe This Is Why America Is Bankrupt?

Bankrupt individuals running our public finances...? Could that be why our cities, states and federal government are functionally bankrupt?

Check this out. This woman can't handle her own finances but she thinks she is still qualified to legislate and wield influence/power over Westchester County's $1.8 billion budget.
Citing unmanageable debt, Westchester County Legislator Virginia Perez, D-Yonkers, has filed for Chapter 7 bankruptcy.

Perez filed her legal papers in federal bankruptcy court in White Plains on Dec. 28, claiming that she has $476,976 in liabilities and $120,561 in assets. Her court papers also stated that she has been unemployed for different periods in each of the past three years.

“This is not going to affect my ability to represent the people of southwest Yonkers,” said Perez, 32, who was elected to the Westchester County Board of Legislators in November after defeating 10-year incumbent Legislator Jose Alvarado in the Democratic primary in September.
No, surprise there that Perez hails from the cesspool of Yonkers. Also, as a matter of prudence should we have deadbeats in public roles, aren't such people more vulnerable/prone to corruption?

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