Wednesday, September 7, 2016
I saw this article pop up today and thought you'd might be interested.
A small town in the USA state of Virginia had the main job creator
move out 30 years ago, so the government basically ran on the economic
equivalent of pixie dust and prayers. Now, it's defaulted on all its
loans, and the government will literally cease to exist within a
month. The only hope, a very slim hope, is that the new city manager's
drastic plan will buy enough time.
And this isn't unique-Maywood, California, an aging suburb of Los
Angeles originally built to house workers for a massive auto factory
that closed down in the 1970s, had its government cease to exist a
couple years ago, leaving Mexican gangs as the de facto government.
And there are others
Thanks for the link BC. Spending more than you can afford is never a good idea.
I talked about this many times before. It is pretty typical as the social degradation continues to see small towns like these take a hit. Lots of ghost towns around, some pretty large.
Its more important than ever for communities to work together if they expect to survive.
Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.