$2 Trillion Debt Crisis Threatens 100 U.S. Cities »
By David J. Theroux | Monday December 20, 2010 at 2:53 PM PDT | 2 Comments
In a new article in the London Guardian, “$2 Trillion Debt Crisis Threatens to Bring Down 100 U.S. Cities,” Elena Moya reports that “Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the U.S. economic recovery. Nor are European cities safe—Florence, Barcelona, Madrid,...
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Tags: Bailouts, Budget and Tax Policy, Civil Society, Corruption, Economics, Europe, Money and Banking, Nationalization, Police, Power, Privatization, Property Rights, Socialism, Taxation, The State, Urban Issues, Welfare




























