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States Bonds Default ~ CBS 60 Minutes Chris Christie Meredith Whitney

60 Minutes - The Day of Reckoning (December 19, 2010) $17.95 Airdate: 12/19/10 The federal government isn't the only entity with a severe deficit problem. State and local governments across the country were already in financial trouble before the recession, but now many are in crisis -- unable to pay their bills, planning huge lay-offs, not funding public pension funds. Are they facing a financial meltdown? Is the only solution another Washington bailout? S...