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POLICIES * USA - Down the Rabbit Hole
The LA City Council is unable and unwilling to face the realities of its more than half-a-billion dollar budget deficit
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Los Angeles,CAL,USA -The Journal of Commerce, by John R. McLaurin, President of the Pacific Merchant Shipping Association -February 17, 2010: -- The City of Los Angeles, with the assistance of the Los Angeles City Council, is slowly but steadily spiraling down the rabbit hole towards bankruptcy... It has become clear over the past several weeks the LA City Council is unable and unwilling to face the realities of its more than half-a-billion dollar budget deficit. The impact will hit across the transportation systems of a region critical to the national distribution economy... At the February 16th LA City Council meeting, the directors of LA's three "proprietary" departments — the Port of Los Angeles, Los Angeles International Airport, Department of Water and Power — were called before the City Council to brief members on how many city employees could be "transferred" from other city offices to the proprietary departments. These are the same city departments that had been previously instructed by the mayor to cut costs by eliminating jobs and encouraging early retirement of their employees... Liability and economics of such actions aside, apparently if you are in the private sector, your financial crisis isn't as important as that of the public sector. And politicians wonder why people have lost faith in their government... (Photo from wikimedia.org/wikipedia: Los Angeles City Hall)
Labels: transport policies
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