EDITORIAL: Providence, We Feel Your Pain
Take Providence. That charming city has a financial migraine that makes the city of
These numbers come from a
Instead of congratulations, however,
And critics still insist that
The city didn't flounder because of mismanagement and extravagance, although there were mistakes made in the past.
Providence, unlike
Providence is far from alone in its pension problems. The
Many cities, like
And so pension costs are eating up larger and larger portions of city budgets. Even cities with good savings habits, like
So, with our own capital city in trouble, we feel sympathy for Providence. Misery loves company.
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