Archive for November 15th, 2012

The Debt Death Spiral: U.S. City Edition


Thursday November 15th, 2012   •   Posted by Craig Eyermann at 4:50am PST   •   5 Comments

What happens when public employee unions begin calling too many of the shots in government? Reuters reports on the backstory of the city of San Bernandino, California’s bankruptcy, which features a lot of politicians blaming everyone else for their dilemma: Yet on close examination, the city’s decades-long journey from prosperous, middle-class community to bankrupt,...
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