“The only viable long-term strategy for claimants is to focus on doing whatever it takes to help the city/county start generating new wealth. But this is far more difficult than hoping to win some court ruling, and it also requires sacrificing the dearly held belief that fantasy entitlements should be made real by somebody, somewhere. Which brings us to the ultimate make-us-whole fantasy, the Federal bailout of every bankrupt city, county and state in the nation. Every constituency is of course first in line in terms of being deserving of ‘what’s owed to me.’ Unfortunately for those counting on the Grand Federal Bailout, the queue at the Federal bailout window is already long.”
http://charleshughsmith.blogspot.com/2013/07/bankruptcy-litigation-does-not-generate.html
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