No. of Recommendations: 2
The tale of San Bernadino:

http://www.city-journal.org/2012/cjc1022jr.html

Perhaps bankruptcy will prove the ultimate salve, cutting away the structural inefficiencies (from pensions to high municipal salaries) that went unaddressed for years. The city’s options are now limited, because it waited too long to address these problems. The United States has many structural problems of its own—most notably Medicare—and, as San Bernardino shows, myopia is never recommended. San Bernardino is a tragedy—and a warning to the rest of the country.
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Coming soon if an America hating president is reelected.
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