Submission statement:
American cities are financially reliant on the federal government in several different ways. Some of these are obvious and well accounted for, but most of them are not.
As we enter an era where the federal government cannot borrow, and therefore deficit spend, as it once did, municipal governments are exposed to a slow rolling fiscal pullback that will require them to rethink how we fund local government in the U.S.
Posted by Extension_Essay8863