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Exchequer

NRO’s eye on debt and deficits . . . by Kevin D. Williamson.

Public Pension Rumblings



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The state of Kansas now has a permanent legislative committee on the public-pension crisis.

Prichard, Ala., has stopped paying its municipal pensions.

Indiana considers allowing “Chapter 9″ bankruptcies — bankruptcies for cities.

Rhode Island’s worst basketcase heads for bankruptcy.

A Michigan basketcase heads there, too.

Bankruptcy is a possibility for San Diego.

State-bankruptcy law is suddenly a hot subject.

I hope investors are holding out for really, really good yields on municipal bonds. Ah, good.


Tags: Debt , Deficits , Despair , Fiscal Armageddon , Pensions


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