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Meep Quicktake: Congressional Bailout Bill Status and Positioning  

by

2 days ago

In general, I have very slow-moving issues to deal with — after all, public pensions supposedly were going to be pulling multiple cities and states into bankruptcy in 2010, and that is still limping along in most places. I’m still waiting for Kentucky to go under.

The issue for states and municipalities in 2010 was the slow erosion of their tax revenues and a similarly slow creep up in pension expenses — not a...

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