Detroit bankruptcy judge rules public pensions haircuts OK. “…decision is a critical milestone. …pensions, like any contract, can be cut, adding that a provision in the Michigan Constitution protecting public pensions isn’t a bulletproof shield in a bankruptcy.” So much the canard that Detroit can’t declare bankruptcy because it would be “failing to honor President 404.”
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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