Quote Originally Posted by corktownyuppie View Post

The one argument that I'd be willing to hear is that the State has an obligation to make pensionholders whole.
Me, too. I'm guessing that one of the conditions of the $350MM from the state is release from any claims by pensioners against the state [[that's pretty standard).

Right now, we are at the "game of chicken" stage of this bankruptcy. If you are:

suburban water users--take the deal you're getting, or fight for a better deal and potentially get a worse one

Pensioners--cuts now, or bigger cuts later

Bondholders--cut a deal, or watch the other creditors cut better deals and get your return shrunk

I am interested to know if residents are seeing an uptick in services. Police/fire more responsive? Are city agencies better to deal with?