Oversight Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs Hearing: "State and Municipal Debt: The Coming Crisis?"
Today’s hearing is an opportunity to discuss growing concerns over the potential fiscal crisis looming for states and municipalities. Over the past three years we have seen a culture arise where every institution claimed it was “too big to fail.” An all-too-eager President and an all-too-compliant Congress kept putting taxpayers on the hook for trillions of dollars. Our budget deficit has reached an all-time-high, and the national debt is crippling our economy. Read more »