Detroit bailout plan will only dig the pension hole deeper

Published January 23, 2014 5:00am ET



Had Jennifer Granholm, Michigan’s former Democratic governor, tried to bailout Detroit’s pension system, Republicans would have accused her of ripping off state taxpayers to appease union backers. So it’ll be interesting to see if they go for Republican Governor Rick Snyder‘s proposal last week to do exactly that.

Should Republicans, who control the state legislature, play along, the Michigan GOP will forfeit its claim to being the party of fiscal responsibility.

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