WHATS NEXT FOR THE ECONOMY
THE NEXT BIG HURDLE IN THE WAY OF A RECOVERY:
Financial experts are predicting that many large urban cities like Los Angeles are going to be forced to declare bankruptcy and void their debt obliligation. Los Angeles already has to get its hands on $40 million a day just to stay open. Many other cities are in a similiar situation. Ifen there is a mass bankruptcy by the nations urban area one wonders how long before the Federal Government is forced to go bankrupt.
Financial experts are predicting that many large urban cities like Los Angeles are going to be forced to declare bankruptcy and void their debt obliligation. Los Angeles already has to get its hands on $40 million a day just to stay open. Many other cities are in a similiar situation. Ifen there is a mass bankruptcy by the nations urban area one wonders how long before the Federal Government is forced to go bankrupt.
posted by thedetroittimes at 7:04 PM
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