Seems the very quiet talk about this is starting to be heard. Looks like it will be sooner rather than later at this point.
http://www.nytimes.com/2011/01/21/bu...html?src=busln
Seems the very quiet talk about this is starting to be heard. Looks like it will be sooner rather than later at this point.
http://www.nytimes.com/2011/01/21/bu...html?src=busln
“I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue.” Barry Goldwater.
Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats.H. L. Mencken
DUH! Master of the understatement. Oh and this:“All of a sudden, there’s a whole new risk factor,” said Paul S. Maco, a partner at the firm Vinson & Elkins who was head of the Securities and Exchange Commission’s Office of Municipal Securities during the Clinton administration.
I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....
www.johngaltfla.com
lol, ya. If you have a state pension...
You won't.
As this gets louder, muni bonds will be worthless long before the bankrupt filings ever happen. I am sure no one here holds such sorry paper.
Firearms Manufacturer, Tacticalmachining.com
I'd wager there's some sort of Federal "Insurance" company that covers municipal and state pension funds and stuff, and all those will get sucked into the Fed, and they'll take them over.
No matter what, your gov contract does not constitute a right to enslave me or my children to pay for it.
Earl
I've always wondered what the 1920's and 1930's were like, but I never wanted to see it from the German perspective.....
www.johngaltfla.com
From the linked article:
Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.
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"If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be." - Thomas Jefferson, 1816
Sound familiar?
http://www.thetreeofliberty.com/vb/s...0&postcount=40
http://video.foxbusiness.com/v/45052...ylist_id=87185
This is a video on Fox News this AM with Stuart Varney openly talking about state bankruptcy. If they are being this open about it, WOW.