“Bear in mind that if this goes down, we face a train wreck,” - TopicsExpress



          

“Bear in mind that if this goes down, we face a train wreck,” Representative Jim Townsend, a Democrat, had warned lawmakers before they cast votes on 11 bills that are part of Detroit’s unusual proposed bankruptcy settlement — a deal that has become known as The Grand Bargain. “This legislation really is not about the city’s finances,” he said. “It is about the city’s retirees.”
Posted on: Fri, 23 May 2014 14:16:51 +0000

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