Hacker News new | ask | show | jobs
by bilbo0s 724 days ago
Notice how the list of negatives leaves out the 800 pound gorilla in the room? High levels of debt taken on to finance their, uh, ‘competence’.

People praising their ‘competence’ seem to ignore it. And the people complaining seem to ignore it. We’re beset on both sides of our political divide by fiscal apathy.

If places like Carmel fail, I’m certain their failure will have much more to do with bad debt than homelessness.

1 comments

Without at least an appearance of competence (well, technically, tax-raising power), nobody would lend them the money.