Quote Originally Posted by Ice View Post
See my links on the first page of this thread. A combination of corruption, a shrinking tax base, mismanagement, and making promises that you can't keep.
I suppose I just have a problem with the State of Federal Government letting the municipal government actually default - given that you have a process to bail out business.

Like I said - it literally can't happen here, lights stay on no matter what, the whole City Council could go to gaol and you'd see no difference on the street.