The Gathering Pace Of Muni Fails

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

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This entry was posted on Tuesday, July 17th, 2012 at 11:23 am and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.