Wednesday, May 2, 2012

Look before you leap

In Cook County, Illinois, the county treasurer is warning prospective home buyers to check local government debt levels before buying a home in the 'burbs. 

Looks like it's come down to this: Even government now warns residents that government has reached unsustainable levels. Still think this will end well? 

Do you have any idea what kind of debt load or unfunded liabilities your own local government carries?

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