You know a city is in deep trouble when its mayor invites Wall Street but not the press and not private citizens to a closed meeting to discuss the future, including a sell-off of city assets.
Were a rational person given the assignment to search this planet to find the best place for human beings to live and build wealth, he might well settle on San Joaquin County, Calif.
According to the UT San Diego, some of the most damning testimony about union corruption in the Stockton bankruptcy hearing came from City Council member Kathy Miller.
The budget deficit will be nearly $1 trillion this year, our debt is headed toward $17 trillion, Congress's approval polls are at 13 percent, and our lawmakers are on a two-week Spring Break.
Detroit is financially and morally bankrupt yet the governor refuses to make that declaration. A Review team says Detroit faces financial crisis, has no plan to fix it so why won't the governor act?
"I own a toy manufacturing company located in the North Pole, but incorporated in Delaware... my taxes are going to go up, and the economy is going to tank."
Realistic Republicans understand that President Obama and the Democrats head into fiscal cliff negotiations in a far stronger bargaining position now than in 2011. When voters were asked on Nov. 6 whether they favored raising taxes to reduce the deficit, a total of 60 percent said yes (47 percent favored increasing taxes for those who earn $250,000 or more, and 13 percent approved tax increases for all).