60 Minutes Last Night

frayne

Thinks s/he gets paid by the post
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Oct 18, 2002
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Did anyone catch the segment about states and municipalities being something like $6 trillion in debt due to pension, medical, spending liabilities and lack of revenue ? One of the people interviewed mentioned the bond rating agencies are way behind the curve on this one and the hit which could happen in the next twelve months will be the next financial shoe to drop.

Just curious as to what other might think the overall impact might be ?
 
Oppps, never mind I see there is already a thread about this subject.
 
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