Fellowship of the Minds – by Dr. Eowyn
The city of Los Angeles is on the verge of bankruptcy.
Unfunded liabilities for L.A.’s three public pension funds approach $27 billion; this for a city that already has a budget deficit and is struggling to pay its bills. In a 2010 Wall Street Journal editorial, former L.A. Mayor Richard Riordan predicted that the city would go bankrupt by 2014. Continue reading “Bankrupt Los Angeles sends 10 sheriffs to escort trash”