Puerto Rico is the US in miniature.
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Puerto Rico is the bubble in the Caribbean that muni-bond holders are just now discovering in their portfolios.
Got to give this guy credit: he has chutzpah. If the check is large enough he expects all criminal charges to go away.
The moral decline in Detroit is nearly palpable. People who should know better have been helping themselves to other peoples’ money for so long they no longer recognize it as theft.
This corruption isn’t just skin deep. It goes right down to the bone.
He may be the senior editor at The Atlantic but Thompson is way out of his league here.
Greed, short-sightedness and an unwillingness to grasp reality or stop the gravy train are turning Chicago into Detroit.
Some politicians really have to work at it to avoid reality. Dreamer Joyce on Scranton’s city council is just such a one.
Detroit is the first because it is the most corrupt. Others are right on its heels.
The mixture of borrowing, lending, spending, corruption, union demands and pension plans with unrealistic expectations resulted in a deadly brew that poisoned Detroit to death. Resurrecting the city is going to be very painful for a lot of unsuspecting folks.