Includes bibliographical references (pages 209-249) and index.
Part I. The fall -- It starts at home -- Housing revisited -- States gone wild -- Pensions: the debt bomb nobody's talking about -- The negative feedback loop from hell -- The new American poverty -- Part II. The rise -- A new map of prosperity -- State arbitrage -- David takes on Goliath: new political precedents -- The way forward.
Reveals how cities and states are suffering from a more dramatic economic decline than most people realize, predicting a devastating imminent municipal crisis while sharing recommendations for preventing a broader catastrophe.