Well, maybe not Athens, but not doing well and unwilling to face fiscal reality. Mead’s theory is that the end of the blue social model is nigh.
‘As the American political system attempts to grapple with the growing pension, debt and entitlement crisis, three types of responses seem to be emerging. There is the true blue ostrich approach of the unions themselves and their closest allies: denial and rage. There is the attitude of more centrist Democrats like Governor Cuomo and Mayor Emanuel: make prudent cuts, hold the line on spending, work to quietly make government more efficient without jumping into a full scale confrontation with the unions. And there is the Scott Walker, dragonslayer approach: take them on.’
Providence was always a bit corrupt if I recall.
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