On public pension reform, Illinois’ high court’s policy is “just say no.” They are going to need a Plan B.
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Tag Archives: Municipal Bankruptcy
Nothing Sacred In Bankruptcy
Only a fiscal miracle can save some underfunded public pensions. Bankruptcy judges are not in the miracle business.
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Detroit’s Wishing Well Runs Dry
Detroit is bankrupt, and all the wishful thinking in the world will not allow the city to keep impossible promises to its unions.
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A Slow Slide To A Hasty Bankruptcy
Detroit’s rush to file bankruptcy is just the beginning. The real question is whether there is enough city left to save.
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Time To Plan For State Bankruptcies
A state bankruptcy is so unthinkable that the law makes no provision for it. It’s time for Congress to re-think this.
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Persuaded By What I Didn’t Hear
Puerto Rico doesn’t need bankruptcy; it needs independence.
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