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12-05-2012, 02:37 PM
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Originally Posted by GF View Post
Oh I see clarkonomics...

I thought maybe the going rate when they first financed this debt was much higher than now allowing them to save some money even though they are downgraded. They would, of course, save a lot more (if this was the case) with a better rating.

Does this stuff make the news at all in Glendale? Are citizens upset? Or are the major networks of information only covering what happens in Phoenix leaving people from Glendale oblivious to what is actually happening with their city??

I don't understand how people could not be furious knowing about that.
My guess is... in for a penny... in for a pound. They no longer care and just want it over.

At the end of the day.... if you are Wilie E. Coyote and you fall off a cliff and go splat , what difference does it make if you fall 100ft. or 1000 ft.

Because that's all we are talking about here for Glendale... the size of the splat.

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