steve
Birmingham Ala., and Harrisburg PA filed for bankrupcty. Vallejo California just emerged from bankruptcy after three years.They cut police forces, fire department, libraries... etc,.
Apparently there are a large number preparing for this step. Over 100.
But I think your right about tough decisions,. Vallejo managed to get into trouble mostly because of crazy large pension obligations..
http://news.sky.com/home/world-news/article/16135233
Local and State governments are not broke. Show me a town that can't keep its library open, has shut down its schools, and has no money to pay the town council, and I'll show you a town that might need Federal assistance. However, as long as Uncle Sam is willing to take money from one town to give to another, towns and States don't have to make the tough decisions they need to make.
Birmingham Ala., and Harrisburg PA filed for bankrupcty. Vallejo California just emerged from bankruptcy after three years.They cut police forces, fire department, libraries... etc,.
Apparently there are a large number preparing for this step. Over 100.
But I think your right about tough decisions,. Vallejo managed to get into trouble mostly because of crazy large pension obligations..
http://news.sky.com/home/world-news/article/16135233