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..."

at http://www.munknee.com/2012/04/municipal-bankruptcy-crisis-in-u-s-to-have-dire-national-consequences-heres-why-and-how/