Picture two children with the same abilities but different upbringings.
One is taught that if he wants something, he has to work for it.
The other gets more allowance each year, no matter how well or badly he behaves.
Which child will grow into a more resilient, capable adult?
Local governments are much the same.
When they’re forced to earn what they spend by growing their economies, attracting new residents and delivering value for tax dollars, they produce better results — while cities accustomed to bailouts become complacent.
Continue reading the entire piece here at the New York Post
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John Ketcham is a fellow at the Manhattan Institute.
Photo by Michael M. Santiago/Getty Images