Detailed text transcripts for TV channel - FOXNEWS - 20120627:19:44:00
Hard times for the retired public workers. >>shepard: and there are a lost those. >>guest: many. >>shepard: we heard of the possibility of cities collapsing financially a year and a half or two years ago and then it just sort died off and it looks like they got enough help from the federal government and now the federal government help is not coming. is in the beginning of a wave? >>guest: yes, but which cities to look at, where the housing bubble burst and hit hardest and where the biggest unfunded pension liabilities are. in california, there is a lot of forces in the financially strapped ci...