Reason TV: Former LA Mayor Richard Riordan on Schwarzenegger, Unions, and Bankrupt Cities

"Throughout the country, 90 percent of cities and states are going to go bankrupt within the next five years, many of them sooner." So says former Los Angeles Mayor Richard Riordan.

Reason.tv's Tim Cavanaugh sat down with Riordan to discuss state and local budget crises, public-sector unions, and why Riordan recently became a fan of current LA Mayor Antonio Villaraigosa.

Approximately 9:40 minutes.

Shot by Zach Weissmueller, Paul Detrick and Alex Manning. Edited by Detrick.

Go to Reason.tv for downloadable versions and subscribe to Reason.tv's YouTube channel to receive automatic notification when new material goes live.

Comments

[P Brooks]

90 percent of cities and states are going to go bankrupt within the next five years, many of them sooner.

And any member of Congress who advocates bailing them out should be tarred and feathered.

[Spiny Norman]

Where's Tim's facial hair? Didn't he get the memo?

[Bill Evers]

Contrary to Cavanaugh, California has actually raised the threshold for hiking taxes, by including fees in the 2/3 requirements. California voters did, however, lower the threshold for passing the state budget.

[Brucie B]

A state of 275 laws PRC.
The Peoples Republic of California

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[gene]

Moderator of the Riordan? interview said words to the effect that politics in California is like that found South of the Mason/Dixon line. It appears to me that, in spite of the cooler climate, it is the politics North of the Mason/Dixon line that stinks to the high heaven. Tim Cavanaugh, moderator or the interview comes across as a bigot, and should be looking for another line of work.

[AD]

Mason-Dixon Line...
I think he was thinking about conditions pre-Civil Rights Act of 1964.

[gene]

Moderator of the Riordan? interview said words to the effect that politics in California is like that found South of the Mason/Dixon line. It appears to me that, in spite of the cooler climate, it is the politics North of the Mason/Dixon line that stinks to the high heaven. Tim Cavanaugh, moderator or the interview comes across as a bigot, and should be looking for another line of work.

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Schwarzenegger bankruptcy?

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