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A judge has approved Detroit's plan to get out of bankruptcy by cutting pensions, erasing billions of dollars of debt and promising nearly $2 billion in better services for a city desperate for a turnaround. Detroit's exit from the largest public filing in U.S. history took less than 16 months, lightning-fast by bankruptcy standards. The success is largely due to a series of deals between the city and major creditors, especially general retirees who agreed to accept smaller pension checks.
I'd expect Detroit's plan to consist of taxing everyone in Michigan.
ranger wrote above:[[ I think the best bet would to give the city to Al Qaeda to practice bombing and then start over...]]Um.... what's left to bomb?