The Gathering Pace Of Muni Fails

Tuesday, July 17, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/17/2012

The can has been kicked. The austerity has been implemented. The revenues have fallen. And as we see in the chart below, the pace of local government distress is accelerating. As has been made so clear in the past, defaults cluster; and sure enough it is starting, as tensions between unions and city managers become irreconcilable.

The pace of local government distress is accelerating…

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter