Let's here it from all you public union folks, now say after me: "Greed is Good."
Distressed cities are finally doing what they should have been doing long ago, declaring bankruptcy to force concessions from public unions. Numbers are still a trickle, but at soon as a major city such as Oakland or LA selects that option, we will likely see a torrent of municipal bankruptcies.
At a packed, two-day conference on municipal woes sponsored by Michael Stanton, the publisher of The Bond Buyer Distressed Cities Discuss Bold Tactics in a New Fiscal Era.
The conference was devoted to a discussion of the strengths and weaknesses of the more powerful tools being used in many...
If greed means a sinful lust of money, status, and power you'll have to count me out. Of course feel free to name all those other inordinately wealthy, powerful, reknown public servants who are not the head of the government. I mean how many people qualify as greedy according to this definition?