Detroit Public Schools Bankruptcy Could Cost the State $3.4 Billion

Michigan Capitol Confidential ^ | 11/21/2015 | Tom Gantert

[RightOnTheBorder]

I would like to see the state welch on what it “owes” DPS pensioners.

[SkyDancer]

All but $23.22 goes to pension bailout.

[1Old Pro]

Pension legacy costs for public school employees have skyrocketed statewide, not just in Detroit.

Outlaw defined benefit public pensions - it's a ticking time bomb thanks to overly generous pols trading future taxpayer funds for re-election in a quid pro quo with union boss thugs.

[Slyfox]

..but if a municipality does it, its considered good fiscal policy.

I remember when the Clintons were in the White House that they had access to a lot of these little slush fund accounts. No doubt they raided them all. A future run for Hillary no doubt.

[SgtHooper]

Default, and bust the unions! Start over.

[flaglady47]

Obama will be working overtime trying to figure out a way to bail them out. Will he succeed is the question.

[flaglady47]

Oh wait, my bad. Obama never works overtime. He golfs and parties.