Comment: I'm skeptical.

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In reply to comment: I hope I don't catch hell for this (see in situ)

I'm skeptical.


Who are the creditors, who where dumb enough to loan money to a municipality. Who bought 30 year Detroit bonds in 1983?

They invested in a taxing authority that promised to pay them back with interest??

This seems unfair. Non-investors are unequal. Not the common welfare at all.

Free includes debt-free!