State “Shared Taxes” Cuts have been Drowning Detroit: is Grover Norquist laughing yet?
By Liz Iacobucci For the NH Labor News
The Bankruptcy Court judge overseeing Detroits restructuring is moving really, really fast.
And at least so far hes following the schedule proposed by Emergency Manager Kevyn Orr and the law firm Jones Day.
Read more about Kevyn Orr here.
Read more about Jones Day here.
This Thursday, August 2nd, the judge is expected to rule on Orrs motion that a hand-picked Committee of Retirees be allowed to make decisions on behalf of the more than 20,000 retired city employees.
Hows this shaping up? It looks a lot like what just happened in Stockton, California where a similar committee just accepted $5.1 million as full payment for future medical benefits estimated to be worth hundreds of millions of dollars.
And now that steamroller is headed straight for all those people who spent their lives working for the citizens of Detroit.
One of the many, many things that are wrong with this situation is: how completely the mainstream media has swallowed the spin offered by Michigans Republican Governor, Rick Snyder.
There is so much more, read the rest.
LINKS and references in NHLN Post.