Friday, December 06, 2013

Poor babies!

Shot heard 'round the world:

'Nothing distinguishes pension debt in a municipal bankruptcy case from any other debt."

These thirteen words come from a ruling this week by US Bankruptcy Judge Steven Rhodes. In strictly legal terms, they're part of a larger decision that does little more than confirm the obvious: Detroit is bankrupt.

But make no mistake. The judge has set off a seismic shock that will reverberate far outside Detroit. For he has confirmed something fairly radical in the world of public employees: the law applies to workers for a bankrupt city much the same way it does to workers for a bankrupt company.

BOOM baby! Party over, public sector union geeks. You sowed the wind, now you will reap the whirlwind.

Cue the unionistas to start burning tires in the streets of Detroit. Because it wasn't frigged up enough already.

The Unsympathetic Phantom

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