Tag Archives: Debt Restructuring

War on the Poor Continues With Planned Pension Cuts in Detroit and Illinois

Posted on December 4, 2013 by Luther Blissett

Yesterday Federal bankruptcy court judge Steven Rhodes ruled that Detroit is insolvent and eligible for a Chapter 9 debt restructuring. This gives the city the go-ahead to cut retirement benefits as part of its restructuring plan, despite pensions being explicitly … Continue reading →

Posted in Activism, consciousness, Corporate Crime, Economics, Financial Crisis, Labor, Recession, Social Control, society, State Crime, Work | Tagged , , , , , , , , , , , , , , , | 3 Comments