Monday, March 10, 2014

The Real Story Behind the Detroit Pension Fight and What it Means to America's Future | Alternet

The Real Story Behind the Detroit Pension Fight and What it Means to America's Future | Alternet



When the city of Detroit filed for Chapter 9 bankruptcy in July 2013, America sucked in a collective gasp. This was the largest municipal bankruptcy filing in U.S. history by the amount of debt ($18–20 billion), and Detroit was the largest city ever to officially go bust.
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