When all else fails seek a higher authority! Muni-bonds are about to burst.

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#1 Tue, Jun 21, 2011 - 2:05pm
davefess
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Eagle River, WI
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When all else fails seek a higher authority! Muni-bonds are about to burst.

https://www.cnbc.com/id/43480778

Harrisburg has an annual budget of 58 million with a deficit of $3.5 million. They also owe $220 million in bond issuance, totaling $18 million a year. Almost 1/3 of the budget! This will be more and more common across the USSA, though the response will probably not be the same. Unfortunately God punishes corrupt souls (either in this life or the next) and I am sure there was plenty of corruption in Harrisburg. Pray all you want my friend, but you reap what you sow.

Edited by: davefess on Nov 8, 2014 - 5:06am
Tue, Jun 21, 2011 - 2:24pm
Shill
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Nice

And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers.
Tue, Jun 21, 2011 - 2:30pm
davefess
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nice link

will be looking to get some of that!

"it's game over man, game over!"

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