MuniLand Snaps: February 21, 2012
Former U.S. Senator Alan Simpson on the nation’s fiscal sustainability: “We’re the healthiest horse in the glue factory.” In a wide-ranging interview with Reuters Digital Editor Chrystia Freeland last week, Simpson said the United States is on the same track as Europe’s weakest countries and is destined to experience a full-blown debt crisis. Simpson, known for his blunt talk, has been waving this flag for some time.
NYT: Benefits received by all Americans add up to more than the value of taxes paid
Mother Jones: Who actually benefits from federal benefits?
NYT: Job losses in the public sector
Bond Buyer: Municipal bond issuance declined in every southeastern state in 2011
Muni Net Guide: The rise, fall, and future of not-for-profit hospital debt issuance
Bond Buyer: FINRA files suit over excessive bond markups, ranging from 5.36 percent to 22.92 percent
SEC: MSRB files rule to update muni bond trade reporting system
I-Watch News: Michigan’s budget crisis puts democratic institutions on the chopping block
NYT: Cuomo: “Maybe basic competence appears as a conspiracy plot to you”