Dallas On The Verge of Bankruptcy
Watchdog.org is a great site to read (and subscribe to) for nitty gritty (gritty) fiscal news. Doing a little search, back in 2011, Watchdog ran this headline: Pension reformers warn of looming breaking point, cite governments’ ‘actuarial bullshit’ That was when legislators in tiny Rhode island voted overwhelmingly to remove pension benefits from all its employees…
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Above the fold, which means full media attention: the NYT story heads that “Dallas is staring down a Texas-sized bankruptcy”, and it opines how the city with “the fastest economic growth of the nation’s 13 largest cities” could be, well, Detroit. Yeah, good question. Its streets hum with supersize cars and its skyline bristles with…
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