US Towns Declaring Bankruptcy Are The Lucky Ones


Mr. Jim's picture

The parallels between the Scranton in this article and the situation in much of Europe are uncanny. The difference is that bankruptcy is not an option in the old continent... but death-grip taxation is.

We can witness the extreme with Greece is eating itself while barely reducing public-sector chair-fillers. Bosnia is flaring up with the possibility that the Balkans will follow suit. Illustrative article links below.

There is plenty of anger and frustration on the ground but there is no direction, no illuminated philosophy showing the way. Until there is, the demonstrations will be little more than that - demonstrations of the populace begging "someone" to do something.