Observations of a civilization on the verge of everything - as seen from my window in New York City framing the Empire State Building (built at the height of the last Great Deflation)
New York City is facing a dire emergency in terms of the benefits it has promised to city workers in the future. The city currently pays more for benefits than for salaries but run the numbers and the costs become astronomical in a few years. It's been easier for decades for city leaders to make concessions to unions that come out of future budgets than to pay more today.
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