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01-20-2011, 01:34 PM #1
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Former LA Mayor Riordan 90% Cities/States Bankrupt
Former LA Mayor Richard Riordan on Schwarzenegger, Unions, and Bankrupt Cities
http://www.youtube.com/watch?v=9hQgXYIn ... r_embedded
January 13, 2011
"Throughout the country, 90 percent of cities and states are going to go bankrupt within the next five years, many of them sooner." So says former Los Angeles Mayor Richard Riordan.
Reason.tv's Tim Cavanaugh sat down with Riordan to discuss state and local budget crises, public-sector unions, and why Riordan recently became a fan of current LA Mayor Antonio Villaraigosa.
Approximately 9.40 minutes.
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