Walter Russell Mead has has a great essay on the public pension crisis on his blog. It's worth reading for the subject itself, but I loved this swipe at urban planning,
"Rhode Island planners, like their counterparts across the country, fell for white elephant concepts like convention centers, those cliched “new urbanism” pedestrian malls and downtown redevelopments that never seem to work, Solyndra style industrial policy and all the other failed nostrums that strike upper middle class social engineers as cool but that rarely make anything as vulgar and utilitarian as money. There was a lot of expensive churn, many consultants deposited checks, but the underlying economy never turned around."
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