The budget crises of state and municipal governments were not brought on by excessive pay to firemen, cops and other civil servants, but rather by a banking meltdown that has enriched those who engineered it. Housing values, and the local taxes dependent on them, are down because of financial shenanigans that wrapped mortgages into collateralized debt obligations, and that is the root cause of government red ink. But the job security and pensions of government employees make terribly convenient scapegoats at a time when so many Americans are lining up at food banks. MORE...
Thursday, June 07, 2012
Robert Scheer: "Democrats Failed in Wisconsin Because They Failed Wisconsin"