19th Ward Chicago: The foundation for a bankruptcy filing looks like this.

Monday, May 11, 2015

The foundation for a bankruptcy filing looks like this.

Source to FOX 32: CPS may run out of money during next school year

1. First there was the 7% pay cut.

2. Then Rauner addressing the city council said, "the state can't help you".

3. Then the state Supreme Court upholds the priority of pensions.

4. Now stories like this are starting to appear.

5. Soon legislation permitting governmental bankruptcy will be passed.

6. So after that, any local government with a pension "problem" will be able to clean it up.

1 comment:

Anonymous5/11/2015

welcome back, the place became a shambles while you were away
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The theme of this blog has changed. We are now headed into a period of extreme political and economic troubles. We want to increase everyone's awareness and show them how to weather the storm. We are going to begin including articles and videos on prepping (food, water, shelter, medicine, self-defense,) basic economics and general SHTF lifestyle changes.

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