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Budget Crisis Rhetoric - Thomas Sowell
American families have had to 'reset' their budgets due to the Great Recession, so why can't state and local government? Sowell aptly points out, "Legally, bankruptcy wipes out commitments made to public sector unions, whose extravagant pay and pension contracts are bleeding municipal and state governments dry."
congress  statebudget  statepensions  budgetcrisis  blogs  nation 
january 2011 by johnniebyrd

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