In response to:

Do We Really Have to Pay for All This?

Mike25 Wrote: Apr 15, 2013 7:08 AM
Seems to me that the paying citizens of a city should be able to act like shareholders in a company , and force it not bankruptcy.

There are legitimate debates about public policy issues. Those discussions do not have to be turned into demonizing the other side as Al Gore stylized regarding Global Warming and Paul Krugman now personifies regarding our massive deficit and debt. We had one of those discussions the other night which we all should explore.

The debate we had was regarding the financial crisis facing the City of Los Angeles due to retirees’ health and pension benefits. This crisis is not exclusive to Los Angeles. Most municipal and state governments face similar challenges. In addition, it is agreed that the largest budget challenges...