4th Media: Wave of US Municipal Bankruptcies Caused by Wall Street Predatory Interest Rates, NOT Pensions
Wave of US Municipal Bankruptcies Caused by Wall Street Predatory Interest Rates, NOT Pensions The political establishment and the media have relentlessly promoted the myth that the crisis in Detroit and in cities across the US is a product of overgenerous spending on social services and benefits, with public employee pension liabilities cited as the …