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Which American Cities Will File Bankruptcy Next? [Copy link] 中文

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Post time 2017-10-7 14:49:11 |Display all floors
(Zero Hedge) Luckily, for those looking to escape the trauma of being taxed into oblivion by their failing cities/counties/states, JP Morgan has provided a comprehensive guide on which municipalities haven't the slightest hope of surviving their multi-decade debt binge and lavish public pension awards.  
If you live in any of the 'red' cities below, it just might be time to start looking for another home...


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Post time 2017-10-7 14:50:16 |Display all floors
To add a little context to the map above, JP Morgan ranked every major city in the United States based on what percentage of their annual budgets are required just to fund interest payments on debt, pension contributions and other post retirement benefits.
The results are staggering.  To our great 'shock', Chicago residents win the award of "most screwed" with over 60% of their tax dollars going to fund debt and pension payments.  Meanwhile, there are a dozen municipalities where over 50% of their annual budgets are used just to fund the maintenance cost of past expenditures.


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Post time 2017-10-7 14:50:47 |Display all floors

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