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Union Pay, Benefits Create Zombie Cities

Phil323 Wrote: Aug 06, 2012 2:44 PM
The problem is that all reason is thrown out the door when these contracts are negotiated. Far too often union contracts are negotiated with wildly optimistic economic union assumptions that lead to massive unfunded liability (http://on.wsj.com/qB3BON). If contracts were negotiated reasonably, many of theses cities could avoided these harsh realities.

Space does not permit a complete discussion of zombified cities. Such a list would be in the many hundreds. Rather this post is about four cities in recent news that are among the walking dead. One is even a dumping ground for the dead.

Fourth Financial Urgency in Miami in Four years

The Huffington Post reports Miami Declares Financial Urgency For Fourth Year In A Row

Miami City Manager Johnny Martinez declared a state of financial urgency...