“A judge has upheld the bankruptcy of Detroit. In one fell swoop, the taxpayers of Detroit have freed themselves from the economic burden of the retirement and health programs that had been promised to municipal union members.  For decades, the liberal political establishment had bought votes from the unions. They had signed agreements guaranteed to bankrupt the city.  Taxpayers moved out of Detroit. Welfare recipients stayed put. It took 40 years, but the city went bust. The judge has now confirmed the obvious. The unfunded liabilities of cities across the nation will produce a similar result. There is no escape. The solution is comparatively painless.”

http://teapartyeconomist.com/2013/12/04/free-last-detroit-stiffs-municipal-unions/

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