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Many of these cities are financially weighing-down their state and the state's taxpayers; because the cities are neglecting to manage its existing debt.Statistics given by The National League of Cities states that the municipal government will be looking at a deficit of $56 billion to $83 billion between now and 2012.Part of the debt is municipal bonds. Provided to supply the funding for publicly funded projects. As stated in a previous article,"Ways to Invest." Investing in municipal bonds are one of the most dependable investments. A statement given by a municipal bond analyst at Payden & Rygel Management reads-About 80% of municipal bonds are individual households and mutual fund investors. Distressed Debt Securities issued a statement that last Florida had about 183 borrowers like suburban developers were reluctant to pay $6.4 billion of payments. Two years prior their were 31 defaults on $348 million.Menasha, Wisconsin has been the only referenced city to have defaulted; Warrens, Wisconsin was on the verge of default, but they agreed to a forbearance on a state loan. Some of the issues of cities' problems are abundant amounts of unemployed, unstable consumer spending and poorly funded public pensions.Other places at risk are Jefferson County, Alabama; Harrisburg,Pennsylvania; and Detroit

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