"There are countless horrible things happening all over the world and horrible people prospering, but we must never allow them to disturb our equanimity or deflect us from our sacred duty to sabotage and annoy them whenever possible." -Auberon Waugh
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.
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.
Los Angeles will be broke by
ReplyDeleteMay 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