The Pension-Busters’ Playbook | Common Dreams
"As the bankruptcy proceeds and 80,000 properties lay vacant throughout the city, Detroit’s budget problems are touted by conservatives as a microcosm of national public-sector pension problems. In fact, Detroit is a case study of an economy tied to an industry in crisis. It is a microcosm not of the unsustainability of public pensions, but of the devastation wrought by national economic policies that have sacrificed manufacturing to the needs of global capital and the finance industry, and that continue to profit those same players."
