Chuck Marohn needs a hug.
That was my first thought reading this in his July 17 Strong Towns post :
Let me be clear about what I actually imagine is in store for us. I look at America’s cities, towns and neighborhoods and I see overwhelming levels of fragility. I see a development pattern that destroys wealth; the more we do, the poorer we become. I see municipal debt levels rising as a consequence, as well as an increased dependence on state and federal assistance. I see property values and consumption rates (property tax and sales tax) artificially manipulated higher by federal monetary and fiscal policy—a lofty perch I don’t see as stable. I see local governments overwhelmed with liabilities, from infrastructure maintenance to pensions and rising health care costs. And I see the people in the system — politicians, professional staff and residents — all with powerful short term incentives to simply increase the level of fragility.
. . . I think we’re royally screwed.
