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    1. jedi

      Cash-strapped RI city files for bankruptcy

      Cash-strapped RI city files for bankruptcy - Yahoo! Finance Look at what is coming on a larger scale with our states and then the nation. Some highlights. The city proposed to the retired city workers to take a 50% cut in their pension pay. Only 12 of the 141 agreed and of those 12 (9...
    2. mrjarrell

      Congress Looking To Let States Declare Bankruptcy

      First it was Indiana looking to let cities (and probably counties, too, the way things go in government) declare bankruptcy. Now we have news that the feds are looking at allowing states to declare bankruptcy. There goes the bond market. As usual, one of the key components they mention that...
    3. Duncan

      Government Workers - More Screaming on the way ...

      IF this goes through ... Path Is Sought for States to Escape Debt Burdens Bankruptcy http://www.nytimes.com/2011/01/21/business/economy/21bankruptcy.html?_r=1 We have seen overseas what happens when " government money " ceases to flow . " When you suck on the government tÍt , and...
    4. rambone

      Bill would let Indiana cities declare bankruptcy

      Ed Charbonneau of Valparaiso is sponsoring a bill to allow Indiana cities declare bankruptcy and the State would takeover finances from there to oversee the course of the bankruptcy. The Governor backs the idea. If the State emergency manager can't fix the budget, the city would be allowed to...
    5. mrjarrell

      Gingrich Pushing Bill To Allow States To Declare Bankruptcy

      Holy smokes. Is this guy and his friends insane? They won't have to worry about the average Joes getting upset with things. They'll be fighting off government employees and retirees with pitchforks and torches. Passage of a bill like this would mean the end of the gop. And I even hate to think...
    6. Duncan

      BANKRUPTCY - an American Tradition

      How do we rank ? Personal Bankruptcies in 2010, by State - Real Time Economics - WSJ
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