3 ms·
This article is pretty much devoid of facts. Nothing's being taken away. Pensions were promised that couldn't be delivered. Reality is simply being enforced. Co
by jstalin 13y ago
This article is pretty much devoid of facts. Nothing's being taken away. Pensions were promised that couldn't be delivered. Reality is simply being enforced. Corruption was (and is) endemic in Detroit.
http://money.cnn.com/2013/08/28/news/economy/detroit-pensions/index.html http://money.cnn.com/2013/08/28/news/economy/detroit-pension...
- greenyoda 13y agoYes, "steal" is definitely the wrong word here. Being unable to pay a debt due to bankruptcy is not theft. If it were, there would be lots of people in prison for not being able to pay their credit card bills.
- waps 13y agoThat's absolutely true, it's called fraud. Agreeing to terms you know you can't live up to. I wonder if one could do that, sue the old politicians for the difference, given that they did not honestly account for the pensions. This has the advantage of falling under criminal law, so firstly, doing that as part of an organization is not going to protect the individual that did it. Secondly if they get convicted and don't (or can't) pay, they will go to prison.