Municipal Revenues Rebound
2
Revenues are still way down, and without the big influx from stimulus money the worst is yet to come.
What’s Wrong with Muni Bonds? Everything
I think the problems are starting to hit and 2011 will be a big year of reckoning.
Look at the chart to the right. Ugly.
Why is this happening?
There’s the looming end of the Build America Bonds program, questions about how state and local governments will manage their debts, and the impact of huge pension and health care obligations that seem unsustainable.
CLICK FOR FULL ARTICLE: WHAT’S WRONG WITH MUNI BONDS? EVERYTHING .
Ireland in Trouble
Wonderful.
Remember that the PIIGS countries are Portugal, Ireland, Italy, Greece, and Spain.
Two down, three to go. Like municipalities (see above) they’re going to continue to have problems in 2011.
Taxpayers on the Hook for $3 Trillion in Pensions
State pensions are in a world of hurt, and you and I will be subsidizing them in the future. Do you think this will cause some slowdown in state revenues and resources? Of course.