Click for interactive chart:
Source: Governing
Category: Markets
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
More failures in flyover country than urban legend would have it but, much more to the point, far fewer country-wide than the hysterical volume level would imply.
Not as bad as the voter fraud hyperbole* to be sure but still pretty bad: It is clear that the (IMO unwarranted and contraindicated) reduction in federal transfers to states AKA austerity has badly exacerbated problems with state and municipal finances but how on earth are we supposed to solve problems in the midst of the noise level?
*Query: Has any state enacting a voter ID law actually cited a single legal conviction of vote (NOT registration) fraud in support of the need for this putative cure or are they all like Pennsylvania: A modern poll tax masked as a bad solution in search of a problem that doesn’t exist?
*Query: Has any state enacting a voter ID law actually cited a single legal conviction of vote (NOT registration) fraud in support of the need for this putative cure or are they all like Pennsylvania: A modern poll tax masked as a bad solution in search of a problem that doesn’t exist?
Ditto Dodd/Frank
This is a bit misleading there are only 6 municipalities listed above. The red markers are municipalities with one county gov in AL. All the rest are special needs districts from water and sewer, Hospitals, CIDs, one toll road. little districts with limited resources that couldn’t overcome a big problem. I’m surprised there aren’t more.
Also see:
San Bernardino, California, Files For Bankruptcy Protection (today)
http://goo.gl/W9QCU
and
Police Chief’s $204,000 Pension Shows How Cities Crashed
“Stockton, California, Police Chief Tom Morris was supposed to bring stability to law enforcement when he was appointed to the job four years ago.
“He lasted eight months and left the now-bankrupt city at age 52 with an annual pension that pays more than $204,000 — the third of four chiefs who stayed in the position for less than three years and retired with an average of 92 percent of their final salaries.”
http://goo.gl/agK86
“the third of four chiefs who stayed in the position for less than three years”
That tells you all you need to know, it wasn’t payroll costs that caused the bankruptcy but incompetent management on the political level