Federal Bailouts For Cities Would Reward Bad Behavior

detroitbailoutBailouts for Cities?

Advocates for cash-strapped municipalities want Washington to clean up their mess.

Detroit’s July bankruptcy filing, prompted in part by its huge worker-retirement debts, has led to calls for a federal bailout of the beleaguered city — and also, by extension, of retirement debt in other fiscally squeezed municipalities. From the New York Times to blogs and union-issued position papers, bailout supporters argue that the citizens and workers of Detroit and other troubled places aren’t to blame for their retirement debts…

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