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IPFS News Link • Government Debt & Financing

Is insolvency coming soon to a town (city, county, state) near you?

03-09-2012 • The Political Commentator

It can't happen here? That's what Suffolk County, New York used to think! Wealthy enclaves and some of the greatest beaches in the world are just not enough!! The sad fact is that the $500 million budget deficit hitting this county can happen anywhere! From an email I received (H/T MG): - Greece will default? - California is broke? - Spain and Portugal are next? No way!!! Just look into a mirror, Long Long! IT'S RIGHT HERE. -- NOW...

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Reported By Michael Haltman

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