The A(braham) Bomb
What Really Matters with Walter Russell Mead
00:00
The Doom Loop in Cities
City populations are declining in part because high taxes and declining services are make have made cities less pleasant. And that means you have a smaller and smaller tax base supporting this large number of retired workers, he says. So it's a people talk about the possibility of a doom loop in certain cities. Well, I hope we don't go there, but I think that we do need to take a very long hard look at the way city and state governments have spent their way into a very, very ugly situation. ordinary people are going to be the ones who suffer.
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