DETROIT AND ITS PUBLIC UNIONS HEAD TOWARD BANKRUPTCY
March 14, 2012, 7:18 p.m. ET The Message of Motown Detroit and its public unions head toward bankruptcy. EXCERPT FROM THIS ARTICLE: That’s because the city, which has twice as many retirees as workers, is spending more on retirement benefits than wages. Pensions make up about two thirds of the public-safety payroll, and many collective-bargaining
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