This article first appeared at The McAlvany Intelligence Advisor on Wednesday, Mary 19, 2014:
Denial of reality seems to be a job requirement to hold a position on the city council in Vallejo, California. Despite increased payments demanded from the city by CalPERS (the California Public Employees’ Retirement System), everything’s OK in Vallejo. Despite a warning from Moody’s in February that everything is not OK in Vallejo, everything’s OK in Vallejo.
Just ask the mayor, Osby Davis: