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"Detroit has been catching it from all sides, but it is hardly alone, though bankrupt. The Economist has put it clearly: &amp;#8220;The truth is that America&amp;#8217;s whole public sector still operates in a financial never-never land ... Barack Obama is on his way to joining George W. Bush as a president who did nothing about that ... America&amp;#8217;s dynamic private sector is carrying on its back an unreformed leviathan. Detroit is merely a symptom of that.&amp;#8221; Unfunded pensions may not&amp;hellip;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.wenatcheeworld.com/news/2013/jul/31/wilf-woods-detroits-unfunded-pensions/>