This report offers no solution to the massive debt created by the union government pensions.
The report is concerned about bondholders. The Judge can have them paid off first, then shut down the union's largess and make it the same as us with 401Ks .
The report is from San Francisco Chronicle.
No bailout will be forthcoming from Washington, so renegotiating the labor union's contracts is target #1.
Bankruptcy is the only option so that we can start over with clean slate.
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