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Friday, August 5, 2011

8/5/2011 - Virginia Beach ponders approving homeless 'tent city

A new era of Hoovervilles 

City staff are exploring authorizing a "tent city," a move that would make the Beach the first community in the state to sanction a homeless encampment - if the City Council approves the idea.

Mayor Will Sessoms, however, said he doesn't support it.

"I just don't see it happening," Sessoms said. "I could not recommend it because I do not want to encourage homelessness. I want to work to keep people from being homeless."

Out of curiosity, anyone think that these Obamaville residents will be able to finance their swanky new cribs with a collateralized debt obligation or some other wonderfully well thought out financial instrument?

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