Mayor Antonio Villaraigosa Screws Over L.A. With $100 Million Credit Bubble That Could Burst Once He Leaves Office - Los Angeles
[Link: blogs.laweekly.com...]
Los Angeles city leaders are apparently no more responsible or accountable than the self-serving Wall Street banksters who set up America to fall with an impossible Jenga tower of home loans.
A new Los Angeles Times expose outlines a series of politically motivated, built-to-fail budget decisions by Mayor Antonio Villaraigosa and his lapdogs on the L.A. City Council — ones that perfectly align with the principles of the 1 percent.
Villaraigosa has bragged about bolstering the Los Angeles Police Department with 1,000 new officers since he took office in 2005. But, seeing as we can’t afford them, that decision might have doomed the safety of future generations:
Mayoral hopeful Austin Beutner, a private equity baron hired by Villaraigosa last year to help create jobs, tells the Times that “putting off personnel costs today will leave the city with fewer dollars for services in coming years.”
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Frank says: