The winners and losers in Detroit’s bankruptcy

By James H. Hohman | Michigan Capitol Confidential

Much sympathy has been extended to the Detroit pensioners who are facing cuts to their retirement income.

Indeed, some have argued that they are the biggest losers in the Detroit bankruptcy. A proper accounting, however, shows that they have been among the most protected. This does not mean that cuts will not be painful. It shows that Detroit is in a bad situation.

at Michigan Capitol Confidential.

Rob Port is the editor of SayAnythingBlog.com, a columnist for the Forum News Service, and host of the Plain Talk Podcast which you can subscribe to by clicking here.

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