Officials in Alabama’s bankrupt Jefferson County approved a deal on Thursday with European Depfa Bank Plc to cut interest charges on about $162 million of the county’s school debt.Although the “plan support agreement” saves only about $1 million a year for the county, which in 2011 filed a $4.23 billion municipal bankruptcy, the resolution passed by the Jefferson County Commission said the deal would likely help the county hammer out a broader adjustment plan with its Wall Street creditors.
All they have to do is CLOSE THE HOSPITALS WHICH CARE FOR THE POOR.
A representative of Depfa, based in Dublin but supervised and supported by the German government, did not immediately respond to an inquiry for comment on the agreement.
THIS IS TOMORROW FOR US ALL.
By 2020 the interest on the national debt will top $1 TRILLION each year. Our national budget is 3.
Sequestered defense funds will be among the least of our problems.
No comments:
Post a Comment