Mary Sanchez

December 6, 2013 1:51 PM

What Detroit’s bankruptcy portends for America

Detroit is everybody's favorite byword for urban malaise, but don't think this is limited to the Motor City. Other municipalities and states have anxiously awaited the federal bankruptcy judge’s ruling on Detroit's pensions because they have similar or even worse pension shortfalls. There's even an ominous shorthand term pundits and editorialists now use: The Pension Crisis.

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