“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?”
Related posts:
Homeland Security’s Massive New Face Recognition, DNA, and Relationship Database
Dad and Daughter Hauled Off United Flight, Assumed Sex Trafficker
Keiser Report: Bitcoin Battle
Rap Sheets, Watchlists and Spy Networks Now At Cops' Fingertips
War on Drugs more about big business than curbing marijuana use
Maine Governor LePage: I’d like to blow up newspaper building
Prosecutors drop key evidence at trial to avoid explaining “stingray”
Veterans Administration again accused of covering up the causes of ‘Gulf War Syndrome’
Judge: NSA phone program likely unconstitutional
Jim Rickards: Decline of the Petrodollar System is Good for Gold
The "Be Very Afraid" Society
Cheap Printing vs. Expensive Drilling
Gerald Celente on Marijuana Legalization and OccupyPeace
Hillary Clinton Starts to Cash in Big Time
Robert Parry: Can MSM Handle the Contra-Cocaine Truth?