An article about upstate New York town of Kingston and their discussion of fiscal stress, union contracts and the debate over Chapter 9 bankruptcy.
An article about upstate New York town of Kingston and their discussion of fiscal stress, union contracts and the debate over Chapter 9 bankruptcy.
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Great stuff all around. Got your posts from WSJ. I don’t think the people who are talking about widespread muni defaults realize that if that “shoe” drops it could crush us all. It would be much more serious than the credit crunch we faced last year.