In response to:

Union Pay, Benefits Create Zombie Cities

plotter Wrote: Aug 06, 2012 1:25 PM
I have a defined retirement plan; I get 2% of my final salary times the number of years I worked when I retire. Every year I worked I paid 8% of my gross into a state plan, my employer paid the same just like Social Security. The difference retirement was in a real lock box. That money wasn't spent by the politicians on something else or to balance this year’s budget. unlike Social Security. It earns interest compounded annually like an IRA or a 401k. It was local government who put off paying their share in, causing a deficit projected for the future. I couldn't not pay my share but local government took a holiday on paying their share, like buying something on credit, and now they owe the principle and the interest.

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...