"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Monday, February 25, 2013

Oh, and Your City is Boned Too

Just in case you thought that the federal government was the only level of government that's boned, here's a nice chart forecasting the City of Baltimore's finances going forward:

Hard to read, but ten years out they're forecasting a $750 million annual deficit.   Can you say "unsustainable"?

If not, you can always sing with me:  "At least we're not Detroit!"


P.S. Think states are better?   Think again:

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