Test Text1 plain Final roundtable. Want to get everyone's pick on a story that caught their eye this week. George will. Stockton, california, in the midst of one of the largest municipal bankruptcies.... See More
Test Text1 plain Final roundtable. Want to get everyone's pick on a story that caught their eye this week. George will. Stockton, california, in the midst of one of the largest municipal bankruptcies. We learned last week from the judge that the bondholders are going to take a sizable hair cut in this one. Here's why this matters, having made promises to union employees, stockton then sold bonds to get revenues that they would invest riskily to try to get a rapid return to pay for these promises. Didn't work, they're bankrupt. From now on, there's going to be huge risk premium built in to municipal borrowing. The sequester has hit these cancer centers that delivers chemotherapy to people who are on medicare. They'll have to stop giving chemotherapy to their medicare cancer patients. Congress needs to fix that and fix it now. This is absolutely cruel that this is even happening. They should have been exempted under sequester. Student loans. Set to double this summer. The growing crisis around student loans is incredibly troubling, given, right now, student loans are costing over $1 trillion. This is bigger than the credit card debt, affecting the chances of kids graduating from college. Not able to get a job. David stockman. President's budget is going to arrive two months late, dead on arrival, that's a measure of the paralysis that we have, this little cbi thing, we should do it and a lot more, big revenue increases are needed to pay our bills. That is a measure of washington is, paralyzed, why the budget is a doomsday machine. And you're going to hear this week and the noise. Japan. And david will love this. After 20 years after being stuck in a deflationary trap, they're finding get radical. They're doing a big monetary expansion. I think it will work and it's a good idea. It's a tremendous test. Lesson for the rest of us. It's already fueled the japanese stock market. In the new york times, law mass shooting. -- enforcement experts studying mass shooting. If you're in a situation, the best thing to do is not stand by, not be passive, take action, either against the shooter or to run or hide, don't sit still. I think that scholarship. Thank you all, for this is a fantastic conversation day. Certainly very spirited. Appreciate it. And now, we'll honor our fellow americans who serve and sacrifice. This week, the pentagon released the names of two service members killed in afghanistan.Wo service members killed in afghanistan. And that is all for us today. Thanks for sharing part of your sunday with us. And go to abcnews.Com/thisweek for this week's web extra with arianna huffington. David muir will have "world news." On this week's 40th anniversary of martin luther king's death, we leave you with the power voice of nina simone, she sang just two days after that heartbreaking day in memphis. ♪ What's going to happen ♪
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