The decision to allow Detroit, Michigan, to declare bankruptcy is a warning sign for the long term future.
It means that public workers, including police officers, fire fighter, teachers, and other municipal workers who devoted their lives to service of their fellow citizens, often at lower wages, will now have their pensions and health care benefits, guaranteed to them by contract and the state constitution of Michigan, cut by at least 40-50 percent, making their old age one of poverty and deprivation!
This is a massive crime against humanity, against the elderly, the poor, and the sick, while the wealthy keep on gaining all of the benefits of their good fortune, because of refusal to accept public responsibility to preserve the pensions of workers.
This is immoral and unethical beyond belief, and the gall of the state to be ready to privatize everything possible in Detroit, including museums and other cultural institutions, will destroy the city of Detroit and any chance for its revival.
We are witnessing the death of Detroit, once the fifth largest city in America, and this abuse of power by the elite wealthy class will soon visit other cities and states, and its effect will be to impoverish America, but benefit the wealthy yet again!