Sometimes, when a business needs to get
its books in order to make their particular business profitable.
This theory can be applied to cities
who on that road because of the implementation of progressive
policies.
There are an increasing number of
cities which are applying for bankruptcy. For the most part it is
because of the the contracts which had previously been signed by the
democratic office holders which have been one-sided towards public
sector unions.
The problem is this, the more money
which is spent on the public sector unions, the less that is
available for the running of any particular city.
It is not just the unions that are
causing these cities to go into bankruptcy, it is the politicians
that spend the money that they do not have, on projects that, in most
cases, the people do not want. They vote themselves raises they do
not need and refuse to see they need to take a pay cut to save their
respective sales.
Progressive policies tend to make
things bad and the more of these policies are passed the worse things
get until these particular cities get to the point of bankruptcy.
Then, what you get is the unions and others crying when cuts happen
because it hurts them int their pocket books but it helps the towns
and cities stay solvent and in operation.
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