Think Freely Media presents Common Sense with Paul Jacob

We’ve discussed the Stockton, California, municipal bankruptcy. It was brought about by a number of factors, but the highlights are (1) lavish and totally unsustainable public employee pay and benefits, and (2) the recession. Here is a detailed explanation from Vice Mayor Kathy Miller:

This sort of disaster may be coming soon to a city near you.

By: Redactor

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