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Monday, Oct. 19, 2009 | I’ve been reading about the San Diego financial crisis for the last several years and I’ve seen virtually nothing done at City Hall except for some minor moves to reduce some potential spending as long as it doesn’t get any employees or constituents upset. Now with the most recent deficit forecasts, we are seeing more big, tough talk from a mayor and council who have proven time and time again, they are capable of anything EXCEPT making big, tough decisions.
But I finally realized it is all going to work out. The mayor and council will push and haggle for some cuts. They will cave to complaints from the voters, the unions and their campaign supporters. Once again nothing will be done and the city will be forced to declare bankruptcy.
It will be a painful process, but it just might get the city back on some sound financial footing in a decade.