Wednesday, December 29, 2010

On My Mind II

This piece was one that I alluded in "On My Mind." A resident of RC and reader of FTB passed this piece along to me in follow-up to the RCC Regular Meeting last week.

This piece does a very good job of breaking down the national concern over municipal bonds.

Though, as I have said, RC is not in immediate crisis mode, we are deficit spending at this time. The RCC has been told by our own Financial Advisor that there "is no other way" but to raise taxes or re-structure debt.

I continue to discuss these matters for they are obviously concerns that the citizens of Robertson County have….I am hearing about them weekly, if not daily.

As well, what directly concerns us is the fallout if others do default….