https://pjmedia.com/richardfernandez/2011/06/17/the-island-of-mayor-moreau/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 07:58:43 -0400<![CDATA[Central Falls, Rhode Island provides an example of what happens when a government unit runs out of money, totally, completely and finally. &#8220;The major problem is the city, with an annual operating budget of about $16 million, is facing about $32 million in promised after-retirement health-insurance costs in addition to the $48 million in pension obligations.&#8221; For a city with 19,000 inhabitants, being in the hole $80 million is serious business, especially when it gets deeper by $4.8 million each year.]]>Fri, 17 Jun 2011 17:37:41 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2011/06/17/the-island-of-mayor-moreau-n190678