Eileen Norcross looks at how the city of Central Falls, Rhode Island became bankrupt.What I find positively amazing is how could a town of 16,000 possibly expect shoulder an 80 million dollar pension obligation.
This is exactly what happens when public unions and politicians become too cozy.
With the politicians indebted to the Unions which helped them get elected and hold office, promises are made which are impossible to keep.
If this isn't a prime example of the canary in the mineshaft warning of impending disaster at the local, state and federal levels nothing else is.
It will take a complete and total collapse to awaken these people from their stupor.
Michael from IL
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