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May 13, 2010
Pay the debts. >> reporter: its extremely rare for a large municipality to go bully belly up and laws m it difficult for cities to file for bankruptcy known as chapter 9, but the downturn has more considering the worst-case scenario from jefferson county, alabama, to detroit, san diego and even los angeles. >> the economy is not getting better. we have high unemployment and the dollar is weak. the government spends way too much money at the federal level and the state level. the federal governme...
May 12, 2010
Pay the debts. >> reporter: its extremely rare for a large municipality to go bully belly up and laws m it difficult for cities to file for bankruptcy known as chapter 9, but the downturn has more considering the worst-case scenario from jefferson county, alabama, to detroit, san diego and even los angeles. >> the economy is not getting better. we have high unemployment and the dollar is weak. the government spends way too much money at the federal level and the state level. the federal governme...