|Most credit analysts seem to expect that if a municipality has to default on something, it will default on its retiree health promises, not on its bonds. 'The market seems to assume, on the basis of nothing, that at some point all of these places are simply going to stop paying retiree health benefits.'
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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