As always a bunch of Effing New York Lawyers are the only one’s who make out. RAT-run cities, counties and states use up ALL of OTHER PEOPLE’S MONEY, then they compound the problem by hiring a bunch of shyster lawyers to “restructure” the “un-restructurable.” The re-structuring needs to include substantial haircuts for pension benefits that are, and always have been unrealistic. “Public Service Employees” have to come to the realization that their “services” costs are THE Problem. I think we can look forward to everything that the RAT have run, to be heading for bankruptcy. We have too much “foreign aid” money going out to ungrateful and unworthy countries, and at the same time, we have too much “domestic aid” going to public employees. Gravity cannot be denied forever!
Democrats FU everything they touch.
yup - the problem is nearly 100% post-retirement benefits