To: TLI; lightman; Questori; SF_Redux
$10 says lib-dems have run/now run ruined all of them, and many, many more are about to pay-the-piper, too. The crash is going to be nationwide; not just a municipal thing. It may start with them, but it’ll be like an avalanche, once it starts.
17 posted on
03/22/2012 4:12:02 PM PDT by
Carriage Hill
(I'll "vote for an orange juice can", over Barry 0bummer and another 4yrs of his Regime From Hell!)
To: carriage_hill
The crash is going to be nationwide; not just a municipal thing. It may start with them, but it’ll be like an avalanche, once it starts.It will be a double whammy as many of the underfunded pensions hold millions in Muni obligations due to their tax preferred status. When the pension costs crash the municipalities, the municipalities will default on their debt and bankrupt the pension plans.
68 posted on
03/23/2012 1:00:23 PM PDT by
JrsyJack
(a healthy dose of buckshot will probably get you the last word in any argument.)
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