Detroit bankruptcy ruling triggers calls for pension cuts across the US - World Socialist Web Site
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Detroit bankruptcy ruling triggers calls for pension cuts across the US
By Jerry White
6 December 2013
Within days of a federal judge’s ruling in support of the Detroit bankruptcy, the devastating implications for the working class across the US are becoming apparent. States and cities throughout the country are citing the legal precedent of the Detroit ruling to attack public employee pensions, initiating a new stage in the assault on workers’ rights and living standards.
Politicians of both big business parties, media outlets and financial institutions have welcomed the decision by Judge Steven Rhodes, hailing its categorical assertion that federal courts can override state and local guarantees of public workers’ pensions.