What Really Matters with Walter Russell Mead cover image

The A(braham) Bomb

What Really Matters with Walter Russell Mead

CHAPTER

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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