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Their idea of Detroit fixing their own mess is screwing anyone who ever issued them credit , including employees and pensioners.
If they go that route I hope their employees put the city and the state on a COD basis, no more unfunded pensions / trust us we'll pay it later.
Same for the contractors, COD , pay on delivery .............. no credit.
Posted by gruffstuff
I see your point but I am not sure what they can do. Their popuation dwindled, their industries went elsewhere. Their income is disappearing along with their workers leaving pensioners only.