Steven Greenhut Says the Court Pension Ruling Gives Detroit New Hope

During a trip to Detroit in the 1980s, a cab driver gave Steven
Greenhut an ad hoc tour of some of the city’s deteriorating
neighborhoods. It was shocking even to someone who grew up in the
Rust Belt. Things have gotten even worse in the ensuing decades.
After Detroit declared bankruptcy, commentators wondered what went
wrong. Greenhut and others wondered what took so long. In
a Tuesday ruling giving bankruptcy the nod, Judge Steven
Rhodes ruled that pension rights, which have protections in the
Michigan constitution, can be “impaired” under federal bankruptcy
law. This could have nationwide impact if it becomes
precedent.   

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