1. Similarities between NYC Bankruptcy and US Debt troubles?
Remember years ago when NYC was bankrupting itself, funding one new social progr
ram after another, driving the city to bankruptcy. It took much to bring NYC
back to profitability. First of all, it had to cut spending and benefits. It wa
s forced to bite the bullet, by the Federal Gov't, and eventually worked its way
back to profitability. That is the same thing we must do: Bit the proverbia