Foreclosure Crisis In Song

You can laugh or cry:

 

(h/t Jay Rosen – twitter: @ jayrosen_nyu)

Economics

David Packman has practically gone broke a dozen times.  Now he has to quit.

I’m broke.  Have been for so long I no longer care.

Meanwhile there’s a big legal battle, with lawyers and everything, over whether a small town police chief can get his health care coverage in addition to about $150K per year of government salary.

Money and power go together.  A corollary to that is that the powerless tend to become the penniless.  I don’t know what the answer to this problem is, but there’s this difficulty of seeing it as being a problem in the first place.  Nobody in particular is responsible for it.  Nobody even has a personal obligation to look, much less do anything about it.  There’s no one to send a bill to.

It’s part of a larger problem, like a lot of things.