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We escaped meltdown in '09 — but in 2010?

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Posted: Monday, January 4, 2010 12:00 am

Rob Rikoon Last year will be one to remember for what didn't happen. We didn't have a systemwide financial meltdown. Thank you, Ben Bernanke. We didn't have health care reform. Thank you, Joe Lieberman.

All we accomplished in 2009 was to move bad debts off the shoulders of individuals and businesses onto the broad shoulders of the federal government. In 2010, this will happen in spades as the bad debts of states, cities and other public entities must be contained.

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