Episode 968 • • 2:27:42 - 2:30:54
968: In the Saddle
Salinas Bankruptcy Fears, Global Bond Sell-off, Public Sector Salaries
The city of Salinas, California, is facing potential bankruptcy as leaders struggle with sustainability and rising costs. This local crisis coincides with a global bond market sell-off triggered by uncertainty over U.S. tax reform. Critics point to exorbitant salaries for police and fire chiefs — sometimes exceeding $450,000 — as a primary driver of municipal financial failures in the Bay Area and beyond.
