The city of L.A. is sinking of the captain is busy cutting ribbons, traveling, and dating hot local reporters.
The once great L.A. is in bad shape for a number of reasons:
• high taxes make it hard for people to buy homes
• high taxes and regulations are driving businesses out of the city
• government employee unions are draining the city of resources
• the liberal Democrat-filled City Council that wastes time passing resolutions condemning talk radio hosts rather than solving real problems
And, then of course you have L.A.’s mayor Antonio Villaraigosa. I won’t go through the whole list of his ineptness since much of that was covered in a previous post titled The 11% Mayor. You can check it out here if you want to see how the mayor spends his day: http://tiny.cc/9qn4cw
The fact is, the horribly destructive policies of Villaraigosa and the left-wing city council have put the pedal to the metal as the city speeds toward bankruptcy. Villaraigosa is pulling all sorts of tricks such as borrowing against future revenue to keep the city above water a bit longer, and he knows it will soon catch up to L.A. A couple years ago he uttered this infamous line:
“The fact of the matter is this city will never go bankrupt.” And then added: ”It will never go bankrupt under my watch.”
As Tom Gray points out in City Journal:
Miguel Santana, the city’s top budget officer confirms what critics of Villaraigosa have been saying for some time: if L.A. continues on its present course it will go broke.
So, in his recent State of the City address, he must have addresses this huge issue, right? Nope. That address was just a video resume for another government job where he can mess up something bigger.
And, since Villaraigosa is doing such a bang up job, the Democrats are giving him a larger presence on the nation level. In a recent radio interview with Doug McIntyre on 790AM in Los Angeles, DNC Chair Debbie Wasserman Schultz was trying to explain why the Democrats are giving L.A.’s failed mayor Antonio Villaraigosa such a big roll at the Democratic Convention this year. You’ve got to hear this:
http://youtu.be/V7oiZFMRA8M
Apparently, all you need to do to make a great impression with national Democrats is to bankrupt the second largest city in the country.