Good move.
Municipalities will have no option but to raise taxes to even barely stay afloat (not even counting paying their exorbitant pensions).
“Detroit” says even that’s not possible.
Promises made decades ago will be broken on a massive scale.
“In the Carboniferous Epoch we were promised abundance for all
By robbing selected Peter to pay for collective Paul.
But though we had plenty of money, there was nothing our money could buy
And the Gods of the Copybook Headings said “If you don’t work you’ll die”.