“The 61 largest U.S. cities in 2009 were in the hole by about $118 billion to retirees’ health insurance obligations. They now think they have a way out: default on these obligations and force retirees into ObamaCare. This gets the obligations off their backs and onto the backs of the federal government. This is what Detroit is doing. Other cities’ officials are impressed. But Detroit is declaring bankruptcy. How can the other cities get out from under without declaring bankruptcy?”
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