Tuesday , 27 February 2024

Tag Archives: stealth taxation

Municipal Bankruptcy Crisis in U.S. to Have Dire National Consequences! Here's Why – and How

The plight of municipalities in the U.S., and their struggles under the weight of enormous pension budget deficits, are reaching the critical phase [with] many municipalities [now]contemplating bankruptcy. [That, in turn, is causing]... municipalities [to eliminate jobs (150,000 - 175,000 in 2012) providing significant headwinds to jobs growth nationally [which, in turn, will adversely affect] economic growth...[causing even] more municipalities to declare bankruptcy and [their] states, in turn, run to the Federal government for help. Words: 567

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