The Future of Overspending

posted by Jim Fisher -

Hartford, Connecticut, is the state capital. It has no money. The city is interviewing several firms and could hire a bankruptcy attorney as soon as this week.

Why?

The population is 124,775 souls, and the deficit for the next year is 65 million dollars. They borrowed money this year to make municipal payroll, and that has to be paid back. The planned spending for next year has too many zeroes to fit on a page.

Stay tuned for further developments.

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