‘Big 3’ US cities facing fiscal crisis as unpayable retiree benefits soar

November 7, 2018

“… As you might have guessed by now, Truth In Accounting gave New York a grade of 'F'. But that's only because there wasn't a lower grade to give. … Back in 1975, a fiscally insolvent New York City had to massively restructure its finances and get bailed out by its creditors and the federal government. Is Big Apple Bailout, Part Deux, on the horizon?”

Read the full article on: Investor’s Business Daily

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