Posted by: The Elephant Owner in Debt on October 24th, 2011

Greece is coming to America and the port of entry is in Rhode Island:

If there isn’t any money, the checks won’t clear.  Ultimately, you will have to fire existing workers, stop paying pensions or a mix of both. That is where Rhode Island is now: its economy can’t generate the revenue to support its existing governance system and to pay its pension obligations.

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