America's future? U.S. cities going bust

In what may be the beginning of an explosion of city insolvency across the U.S., the city of Vallejo, Calif., with a population of 117,000 in the San Francisco Bay area, has filed bankruptcy, Jerome Corsi's Red Alert reports.

//www.wnd.com/index.php?fa=PAGE.view&pageId=136749



California's $500-billion pension time bomb

The state of California's real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported.

//www.latimes.com/news/opinion/la-oe-crane6-2010apr06,0,6247734.story


From Information Clearing House



//freepage.twoday.net/search?q=insolvency
//freepage.twoday.net/search?q=bankruptcy

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