Tuesday, November 26, 2013

Bailouts for Cities?

But remember the long road that Detroit and other cities have traveled to financial distress. Politicians consistently made bad deals for constituents, while union leaders regularly sued for plusher benefits, thoughtless about how city governments could pay for them. And voters persisted in electing those governing in this irresponsible way.

http://www.city-journal.org/2013/23_4_snd-bailouts.htmlhttp://www.city-journal.org/2013/23_4_snd-bailouts.html

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