March 11 (Bloomberg) -- Greek hospitals, airports and schools were shut and police scuffled with protesters as unions staged the second general strike this year against government budget cuts to curb the European Union’s biggest deficit.
The major hospital network Miami relies on for trauma care is close to insolvency and could be cut off by suppliers. Executives for Jackson Health System surprised its governing board Tuesday by saying the nonprofit is near or already in a "death spiral" as it runs low on cash ...
If the Jackson Health System runs out of cash, the county would be responsible for paying Jackson's 10,500 union workers ...
The county meanwhile is battling its own budget woes, needing to find another $48 million in cuts this fiscal year, making it extremely difficult to find more money for Jackson.
That picture of Detroit looks like Flint, too.
ReplyDeleteDidn't the French come up with a solution for massive government spending in the late 1700s?
ReplyDeletehttp://en.wikipedia.org/wiki/Guillotine