ViewpointsOpinionCities Have Themselves to Blame, Not COVID-19, for Sinkhole StatusMunicipal fiscal crises stem from long-standing unfunded liabilitiesSavePrintAn aerial view of Irvine, Calif., on June 26, 2020. John Fredricks/The Epoch TimesFergus Hodgson2/28/2021|Updated: 3/5/2021CommentaryThe receding economic tide over this past year has revealed many city officials to be naked.Share this articleLeave a commentFergus HodgsonAuthorFergus Hodgson is the director of “ Econ Americas”, a financial consultancy, and publisher of the “ Impunity Observer” , a geopolitical intelligence service. He is the author of “ Financial Sovereignty for Canadians: Untether Yourself from the Ottawa Leviathan (2024).” websiteAuthor’s Selected ArticlesFirsthand Account Lays Bare the Cuban RevolutionDec 19, 2022There Is Nowhere to Flee ToOct 24, 2022How the Legal Minefield Suffocates the US EconomyAug 10, 2022Opinion: Alberta Sounds Battle Cry for SovereigntyOct 27, 2021Related Topicseconomic recoveryU.S. economyCOVID-19