Wednesday, July 11, 2012

More cities Bankrupt

In the 6 decades since Congress passed bankruptcy protection for municipalities only 500 have been field.  Anyone want to place any beats on how long it will take for another 500 to be filled?  With San Bernardino becoming the 3rd city to file for protection, I would be willing to wager that a conservative estimate will have that number being equaled by 2020 if no sooner.

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Seattle resident whose real name is Kevin Daniels. This blog covers the following topics, libertarian philosophy, realpolitik, western culture, history and the pursuit of truth from the perspective of a libertarian traditionalist.