8/26/09

If mold continues to multiply after eating half a piece of cheese, what happens when demand exceeds supply?

If Greensboro’s debt is the mold and tax revenue is the cheese, what should happen after mold (principle and interest) eats more than half of the cheese (incoming taxes), and about a third of the remaining cheese is inedible (falling tax revenues)?


 


This country, with its institutions belongs to the people who inhabit it.


 


Whenever they shall grow weary of the existing government,


they can exercise their constitutional right of amending it


or exercise their revolutionary right to overthrow it.


 


Abraham Lincoln

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