Posted on 06/18/2016 6:15:37 AM PDT by Zakeet
The acting governor of Rio de Janeiro's state government declared a state of financial disaster Friday in an effort to change budgetary priorities without disrespecting Brazil's fiscal laws.
[Snip]
[The governor's] office said in a statement that the decision was made because a dip in revenues from taxes and oil royalties was "stopping the state of Rio de Janeiro from honoring its commitment to the organization of the Olympic and Paralympic Games." He said the state is facing a "public calamity."
"The financial crisis has brought several difficulties in essential public services and it could cause the total collapse of public security, health care, education, urban mobility and environmental management," the statement said.
Rio's state government is in such dire straits that two of its hospitals were taken over by the Rio de Janeiro city government to allow doctors to keep receiving their paychecks. Some police stations are so underfunded that they have asked neighbors to donate basic items like toilet paper. Public workers and retirees have suffered months-long delays in receiving their money.
(Excerpt) Read more at foxnews.com ...
You may not care but Obama will be writing a check with your tax dollars in 3, 2,...
“Brazil President Dilma Rousseff is an avowed socialist, Marxist and left-wing radical ... she is presently facing impeachment proceedings after unexpectedly wrecking their economy.”
Sorry, but your first sentence is functionally incorrect.
An “avowed socialist, Marxist and left-wing radical” will ALWAYS wreck an economy. There is nothing “unexpected” about it. Just look at what one of them has done to our economy!
Not necessarily.
The Vancouver Winter Olympics of 2010 ended up with a balanced budget and no outstanding debt, according to their final budget report in 2014. It's true that they've had problems selling the former Olympic Village as condos, but all the rest of the venues have been a boon for the city and surrounding communities.
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