Central Falls Set to File Bankruptcy Exit Plan; 50% Pension Reductions, 40% Slash in Police and Fire Budgets Coming Up

Mish's Global Economic Trend Analysis: Central Falls Set to File Bankruptcy Exit Plan; 50% Pension Reductions, 40% Slash in Police and Fire Budgets Coming Up
Flanders has already ordered reductions of up to 50% in Central Falls retirees’ pensions and suggested he will need to slash the police and fire budgets by 40%.