90% of cities and states to go bankrupt within the next five years?

from USACTION NEWS by Editor


90% of cities and states to go bankrupt within the next five years?: "

“Throughout the country, 90 percent of cities and states are going to go bankrupt within the next five years, many of them sooner.” So says former Los Angeles Mayor Richard Riordan. Reason.tv’s Tim Cavanaugh sat down with Riordan to discuss state and local budget crises, public-sector unions, and why Riordan recently became a fan of current LA Mayor Antonio Villaraigosa.

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