$2 trillion debt crisis threatens to bring down 100 US cities.

Discussion in 'Politics' started by dvinman, Dec 21, 2010.

  1. dvinman
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    dvinman VIP Member

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    Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery. Nor are European cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble

    $2tn debt crisis threatens to bring down 100 US cities | Business | The Guardian
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    They'll mostly be defaulting on pension payments to pampered AFSCME bureaucrats.

    Tough titties.
     
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  3. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    It's not just cities, there are a few states too that are in danger of imploding.

    [ame]http://www.youtube.com/watch?v=nP3b0_fnPxQ[/ame]
     
  4. Intense
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    Intense Senior Member

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    Gosh Man!!! That is so Anti-Collective. :eek:
     
  5. Truthmatters
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    Truthmatters BANNED

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    Thank a republican
     
  6. Intense
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    Intense Senior Member

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    What are they invested in TM??? Just curious.
     
  7. Full-Auto
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    Full-Auto Gold Member

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    No need democrat overspending is the culprit. Democrats control most cities. Thanks for playing.
     
  8. Truthmatters
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    Truthmatters BANNED

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    They held all the levors of power in this country while this mess developed.

    They did nothing to avert it
     
  9. Claudette
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    Claudette Gold Member

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    Its not up to the Fed Govt to avert anything that goes on in a city.

    Its up to those running the city.

    Wonder how many of those Cites were and are run by Dems??
     
  10. Truthmatters
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    The cities are in trouble because the economy tanked under Bush and the rs.
     

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