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Welcome to the Third World, Part 21: State Schools Scale Waaayyy Back

by John Rubino, Dollar Collapse:

Readers of a certain age will remember when state universities were a bit spartan but extremely cheap. Middle class families could send their kids to Ohio State or UCLA without taking out a second mortgage, and the kids could focus on classes and fun instead of juggling multiple […]

Welcome To The Third World, Part 21: This Pension Thing Is About To Get Real

by John Rubino, Dollar Collapse:

The problem with police officers and firefighters isn’t a public-sector problem; it isn’t a problem with government; it’s a problem with the entire society. It’s what happened on Wall Street in the run-up to the subprime crisis. It’s a problem of people taking what they can, just because […]