CNN Fareed Zakaria GPS July 28, 2013 17:36:00
Services that you pay taxes for, they have gotten cut first. and my point in all this, as the money runs out, taxpayers will start to say enough's enough, why am i taking serious sacrifices when the pensioner is being paid 10 cents on the dollar and the bond market is being paid 100 cents on the dollar. clearly over the last couple of years, pensioners have been forced to make concessions, be it in rhode island, california and now in detroit. that's a wave coming forward, there's just not enough money to go around. >> first let's deal with this issue of, is there going to be a wave? in other w...
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