The NY Times describes how the States are looking for a way to "escape their debt burdens" the way the cities can - through bankruptcy. You might be better off owing taxes than hoping for your refund. Pensions, bonds, contracts and more could be in trouble.
Friday, January 21, 2011
States want to follow Cities in attempt to get out of debt.
Labels:
bankruptcy,
cities,
debt,
depression,
economy,
pensions,
states,
US
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