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Posted inArticle, Economy and Inequality

The Real Story Behind the Detroit Pension Fight and What it Means to America’s Future

By Lynn Stuart Parramore. This article was first published on Alternet. When the city of Detroit filed for Chapter 9 bankruptcy in July 2013, America sucked in a collective gasp. This was the largest municipal bankruptcy filing in U.S. history by the amount of debt ($18–20 billion), and Detroit was the largest city ever to […]