"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Municipal Bankruptcies Destroying the Basis for Contract Law
Submitted by KenK on Fri, 2015-09-25 00:00
in
"The core issue is whether city governments can act independently of the electorate and engage in binding contracts with public unions without the consent of the taxpayers. In short, they have managed to create and maintain a distance between their fiscal decisions and the will of the people."
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