CSPAN2 Book TV September 7, 2013
So you have an issue whereby there is a 24226 Unemployment Rate in detroit. There are not enough taxpayers to support social services and what i said that was so radically different in 2010 that had so many people in the Municipal Bond market angry with me was that the whole notion that you no, history would not be a good indicator of the future to the extent that legally states give constitutional backing to their pensioners and their general Obligation Bonds but they dont give constitutional backing to anything else of Discretionary Spending like education or Public Safety or any of those th...
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