Quote Originally Posted by 313WX View Post
The pain of a bankruptcy would be the same for Detroiters as would the pain of an EM.

The difference between the two is whether or not Detroiters and its workers must endure all of the pain or will all of the stakeholders [[retirees, Oakland/Macomb County's bond rating, bankers, etc.) share in the pain as well.
I don't understand that...if the pain for us is going to be the same either way, then what good is causing Oakland/Macomb County to suffer?

I take the opposite strategy...if all else is equal and that EM/Bankruptcy is equal in suffering, then take the one that affects our neighbors the least.

If we're gonna sink, then let's not take everyone down with us. Let's preserve all that we can for ourselves and everyone around us so that when the suffering is done, there will be more available with which we can rebuild.