Thursday, April 15, 2010

Brokeopolis

A number of large cities are insolvent and - Wow! Didn't see that coming! - public employee unions are a big part of the problem, as underscored in this post at the Neighborhood Effects blog run by the Mercatus Center of George Mason University.

1 comment:

Anonymous said...

Los Angeles will be broke by
May 5th. Well, that was until City Hall brokered a deal with the Department of Water and Power that will infuse some cash by raising the electricity rates by 4%. There still won't be a Memorial Day parade, but you can bet the farm, or should I say "hacienda" that there will be cash for Cinco de Mayo festivites.

Deborah Leigh