Quote Originally Posted by 313WX View Post
The biggest difference between Detroit and other places is that other places still have a tax base large/wealthy enough to make up the pension shortfalls, if/when push comes to shove.

I think taxpayers in Chicago would be more willing to take on a 10% or more tax increase to cover the pension shortfalls [[given how great of a city it is and how relatively well the city's government functions) than the few remaining taxpayers in Detroit.
Sure, the yuppies in Near North would probably be happy -- maybe a little less so on the South Side.

I find it troubling that you only think the problem is lack of money. Is the way we account for public pensions and let municipalities under-fund as outlined in the article acceptable to you? Or should we just toss cash at this problem.