18 | Uploaded on 26 December 2011 | 1 year ago
« At that point, if not before, the city would be nothing more than a vehicle to pay the retirement costs of its former workers. This wasn’t a hypothetical scary situation, said Reed. It’s a mathematical inevitability. » 
Michael Lewis on why California is awful, cf. Iceland, Greece, Ireland, & Germany (or just buy the damn book)
