This is starting to happen all across America. Meredith Whitney - when she announced the pension crisis - the MSM chastised her and tried their best to 'Run her out of Dodge'. Many of her predictions are now coming to fruition.
List of Bankruptcy Filings Since January 1, 2010
All Municipal Bankruptcy Filings: 51
General-Purpose Local Government Bankruptcy Filings (9):
-- City of Hillview, Ky.
-- City of Detroit, Mich.
-- City of San Bernardino, Calif.
-- Town of Mammoth Lakes, Calf. (Dismissed)
-- City of Stockton, Calif.
-- Jefferson County, Ala.
-- City of Harrisburg, Pa. (Dismissed)
-- City of Central Falls, R.I.
-- Boise County, Idaho (Dismissed)
http://www.governing.com/gov-data/municipal-cities-counties-bankruptcies-and
-defaults.html
http://www.msn.com/en-us/money/markets/dollar16-million-bill-tests-tiny-town
-and-%E2%80%98bulletproof%E2%80%99-public-pensions/ar-BBxdhtt?li=BBnb7Kz
2 comments:
Dominoes.
I keep telling you -- the economic system is propped up with some toothpicks and some glue.
You keep cheering people who will make it worse.
Keep cheering.
It will keep you busy while I buy more ammo.
My method is having a group of pensions to keep all of my eggs out of the same basket.If one should fail I have 3 more to rely on.
Post a Comment