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In its house editorial yesterday, USA Today retold the now-accepted story of Detroit’s bankruptcy. Railing on "reckless public pensions,” the newspaper told its readers that the Motor City is "Exhibit A for municipal irresponsibility” because it allegedly "negotiated generous pensions” that were too lavish. In this fable, the average Detroit pensioner’s $19,000 a year stipend — which many get in lieu of Socia ... Read more »
Category: Economics | Views: 634 | Added by: LIBertea | Date: 2013/11/20 | Comments (0)

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