http://www.portlandmercury.com/portland/putting-down-the-ax/Content?oid=3005766 Comments On: Putting Down the Ax by Denis C. Theriault en-us Copyright 2013 Portland Mercury. All rights reserved. This RSS file is offered to individuals, Portland Mercury readers, and non-commercial organizations only. Any commercial websites wishing to use this RSS file, please contact Portland Mercury. webmaster@portlandmercury.com (Portland Mercury Webmaster) Tue, 21 May 2013 00:00:01 -0700 Tue, 21 May 2013 11:45:00 -0700 Foundation http://blogs.law.harvard.edu/tech/rss
This year the accounting standards people are now requiring municipalities to include such bad news in their financial reports. The New York Times has responded with a dismal story on the nature of the outstanding debts owed by New York's state and local governments.

You cite some unnamed sources in the penultimate paragraph of this peace, warning against over-optimistic views of the future employment scheme. But when this debt comes due, and all of us are paying for healthcare for retired baby boomer bureaucrats as our services are incrementally removed (that may have already started), what do you think happens to unemployment in a state that is so heavily reliant on bureaucrats to pad its employment numbers?

You'uns are going to have to start talking about this kind of thing sooner rather than later, I'd bet. Why not pick things up early in the game?

Seriously, you can look at Adams using words approaching the phrase "austerity budget" and not question him? For someone so endlessly fascinated with the purity of European politics, even the mayor must realize that those words mean extreme pain in the UK, Greece, and Spain right now. Assuming he reads any global press, outside of football scores.

I really hope you might consider questioning this type of information, for all of our sakes. If only to remember the illustrious past of the news editors of your current publication.
Posted by Nighty Night]]> Thu, 04 Nov 2010 20:35:29 -0700 Portland Mercury