City leaders are offended when financial responsibility--or their lack thereof--is mentioned. They blame "the economy." Certainly, the overall economic outlook today is not good. However, the city's mismanagement and wasteful spending sprees that have driven it into virtual crisis-mode go back to pre-bailout times.
Some readers may recall a headline in the local paper a few years back about the city's $100 Million dollar "wish list"?
In the upcoming days, there will posts on the city's 2008 audit and discussion of why the word "bankrupt" has been mentioned.