If a City Can File For Bankruptcy, I Have Three Questions

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In light of the news regarding Detroit, I'm curious:
  1. Will future cities try this to get out of paying pensions?
  2. What does say about Michigan's attempt to put "managers" in charge of cities, instead of letting elected officials work things out?
  3. How does the auto industry spin this? I mean, shouldn't they have been in the forefront to make sure that the city that made them an economic power didn't fail?

I have a few more, but this will do for now.

Comments

daveawayfromhome said…
As for no. 3, maybe they should have been at the forefront, but auto companies (nor any other company, for that matter) seems to feel any kind of obligation towards the people who helped make them successful. All credit these days goes to the aristocracy, and the peasants can suck it.
10:03 AM
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