CNNW Erin Burnett OutFront July 11, 2012
good evening. i'm tom foreman filling in for erin burnett. "outfront" tonight, fiddling in washington while bankruptcy burns across the nation. san bernardino, california, is the latest american town unable to pay its bills. the math is $46 million in debt. they've made drastic cuts in employees and services. and the city has only $150,000 in the bank. that's it. residents are coming unhinged saying, why wasn't this calamity headed off at the pass? >> what about two years ago when they took $10 million from the employees? what were they doing then? now the city is forced basically to...