A nice idea but it sure is a great way to crater the local economy. From Yahoo News/Associated Press:
Brazil's Rio state declares financial disaster before Games
The acting governor of Rio de Janeiro state has declared a state of financial disaster so he has more leeway to manage the state's scarce resources less than two months Brazil hosts the Olympic Games.
Francisco Dornelles announced the decision on Friday. It will allow Rio's state government to change its budgetary priorities without disrespecting Brazil's fiscal laws.
The move will let Dornelles adopt exceptional measures to pay costs related to the Games as the state grapples with the country's economic recession.
Just another corrupt nation - I would really love to visit there but not until they clean up first. And it is not just the Games:
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.
Tragic. The plutocrats are living high on the hog while the citizens are scrambling for the basic necessities. Not the way to run a Nation.
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