.@cate_long looks at whether Kevyn Orr is exaggerating Detroit pension obligations using "atypical" calculations. http://blogs.reuters.com/muniland/2013/07/23/has-detroit-over-inflated-its-pension-liabilities/ …
@cate_long Oh, I see they've got OPEBs. It just seems like the numbers floated add up if you include that.
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@emptywheel Very oddly Detroit is first bankrupt city to lump pensions & OPEBs w/ muni debt. Not necessarily wrong but not apples to apples. -
@cate_long I was cautiously optimistic abt auto BKs. All the funny business here makes it a lot harder to have confidence. -
@emptywheel@cate_long - Detroit's bankruptcy & blowing up its pensions & coll bargaining agreements was all pt if Rick Snyder's long game.
End of conversation
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