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1 posted on 07/27/2016 5:10:56 AM PDT by MichCapCon
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To: MichCapCon

“5. $5.7 billion – That’s the how much Detroit cut employees’ other post-employment benefits (OPEB). “

Now I’m curious as to what the remainder is in that category.

I was surprised to see that this OPEB category exceeded the pension category. The OPEB cut is larger than the entire pension liability, before the cut.


2 posted on 07/27/2016 5:22:21 AM PDT by fruser1
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To: MichCapCon
And who and what party governs these cities? The patients have to heal themselves and the remedies will be painful. Children need to be taught that you can't sustain spending more than your income. Simple, isn't it! However, how else will politicians be able to buy votes without bankrupting their cities, states, and nation? God Bless America
3 posted on 07/27/2016 5:26:23 AM PDT by RAY (God Bless the USA)
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