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Another View: How not to think about the pension crisis
The latest news out of Detroit isn’t good. To get its fresh start, this once great but now bankrupt city is going to stick it to municipal employees and retirees. City retirees there haven’t enjoyed exactly lavish pensions, but what they had was thought to be secure, protected under the state’s constitution. That was until last week, when a federal judge ruled that guarantee void. This has bad implications for Detroit, and for public employees everywhere...Read More
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