It appears that public unions would like to strike in mass and demand that all city debt be forgiven.
Basically they want to commit extortion against banks nationwide as they inflict pain on the taxpayers as a means of foecing their will.
By hanging unfunded municipal pension debt around the taxpayer’s necks, they will put pressure not on “the rich”, but on the middle class - who they expect will in turn blame the wealthy and the banks for not being able to pay their mortgages and thus help create chaos. It’s pure Cloward and Piven - “ungovernability”