Jul 262011
 

The inevitability of insolvency for various levels of government slowly begins to hit. Here is a scene, played out on a small field in Rhode Island, that will be enacted on much larger fields like Chicago, Detroit, etc. The Ponzi scheme is ending. Woe to those public employees who built their lives on such false and impossible promises.

Central Falls Gives Ballots to Police and Firefighters Asking for 50% Pension Reductions or Risk Losing Everything in Bankruptcy Court

  One Response to “The Promises Begin to Evaporate”

  1. [...] be enacted on much larger fields like Chicago, Detroit, etc. … … See the rest here: The Promises Begin to Evaporate » Monty Pelerin's World ← How they're Beneficial For You – New Bankruptcy Laws | [...]

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