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Detroit Bankrupt
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<blockquote data-quote="tonyexpress" data-source="post: 1173467" data-attributes="member: 1940"><p><span style="color: #000000"><span style="font-family: 'Arial'">Motown's problems have been mounting for six decades and are the result of economic decline and rule by <strong>government unions.</strong> City Hall made unsustainable promises to <strong>public employees</strong> so retirement obligations now constitute half of its $18.5 billion debt. </span></span></p><p></p><p><a href="http://online.wsj.com/article/SB10001424127887324448104578614290430538094.html" target="_blank"><strong>DOWN AND OUT IN DETROIT</strong></a></p><p><a href="http://online.wsj.com/article/SB10001424127887324448104578614290430538094.html" target="_blank"><strong></strong></a></p><p><a href="http://online.wsj.com/article/SB10001424127887324448104578614290430538094.html" target="_blank"><strong></strong></a></p><p><a href="http://online.wsj.com/article/SB10001424127887324448104578614290430538094.html" target="_blank"><strong></strong></a></p></blockquote><p></p>
[QUOTE="tonyexpress, post: 1173467, member: 1940"] [COLOR=#000000][FONT=Arial]Motown's problems have been mounting for six decades and are the result of economic decline and rule by [B]government unions.[/B] City Hall made unsustainable promises to [B]public employees[/B] so retirement obligations now constitute half of its $18.5 billion debt. [/FONT][/COLOR] [URL="http://online.wsj.com/article/SB10001424127887324448104578614290430538094.html"][B]DOWN AND OUT IN DETROIT [/B][/URL] [/QUOTE]
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