http://www.bloomberg.com/news/articles/2015-11-18/atlantic-city-s-mayor-warns-of-insolvency-by-april-without-aid
Cash flow runs out April 29," Guardian told reporters Wednesday during
the New Jersey State League of Municipalities conference in his city...
If the city runs out of cash, it won't be able to borrow to stay afloat,
Guardian said. Moody's Investors Service grades the city's debt Caa1,
seven steps below investment grade. Standard & Poor's ranks it B,
five levels into so-called junk.''
Help us .Gov ( nanny ) we spend beyond our means!..Pathetic.
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