First Vallejo, now Stockton as California municipalities join sister jurisdictions in the South and New England in the bankruptcy club.  True trickle down at work here: Once anti-tax zealots gained a stranglehold over federal and state legislatures, the aid spigot for local services such as public safety and education was shut down.  And the folks who live in cities such as Stockton don’t have the werewithal to fully fund their schools, cops or firefighters.  “It’s on them” say the anti-tax ayatollahs, as if educating kids serves only the locality or crime never spills over to the next town. http://www.nytimes.com/2012/06/28/us/stockton-california-heads-for-bankruptcy-court.html?smid=pl-share