How to Break an American City
In this article from Reason, multiple authors account for the problems facing certain cities in the nation--many are in dire shape. The problems are likely to get worse without the political resolve to correct fiscal irresponsibility. The authoes assert:
In far too many cities, including major centers such as Chicago and Los Angeles, everybody seems to acknowledge the basic fiscal unsustainability but few have the courage to start the hard work of fixing it. Instead, public sector unions fight to maintain their untenable health and pension benefits, local officials and development agencies keep pinning their hopes on shiny government-managed economic projects that ultimately benefit private-sector cronies, and city leaders continue to make the same poor choices that got them into trouble in the first place, thinking they'll dig their way out eventually-or just fob the problem off on their successors.