Tag Archives: Municipal debt

The French are right: tear up public debt – most of it is illegitimate anyway

The French are right: tear up public debt – most of it is illegitimate anyway
As history has shown, France is capable of the best and the worst, and often in short periods of time. On the day following Marine Le Pen's Front National victory in the European elections, however, France made a decisive contribution to the reinvention of a radical politics for the 21st century. On that day, thecommittee for a citizen's audit on the public debt issued a 30-page report on French public debt, its origins and evolution in the ... Read more

How Wall Street Financial Fees Choke Our Cities

How Wall Street Financial Fees Choke Our Cities
When a city is forced to spend more on Wall Street fees than on basic public services, it is the sign of trouble. When that city is one of America's biggest population centers, it is the sign of a burgeoning crisis. That's the key takeaway from a recent report looking at what has been happening in Los Angeles over the last few years. Published by the union-backed Fix LA Coalition, the report details how the city has slashed its spending in ... Read more