Detailed text transcripts for TV channel - FOXNEWS - 20130718:16:55:00
Expected. this money will help pay down outstanding loans and bonds, but the city is hundreds of millions of dollars in debt because of an incinerator built more than 40 years ago that was designed to collect and burn trash from across the state as a way to make a profit. but it never really worked properly, and the city grew deep in debt trying to keep up with payments on the money borrowed to build this thing. in the meantime, the mayor was indulging his passion, dropping cash the city couldn't afford to spend on items like a letter from george washington to lbj's hat. >> this auction signif...
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