Aggravating new info about Detroit’s reckless pension expenditures

Aggravating new info about Detroit’s reckless pension expenditures

The New York Times reports that Detroit’s pension board doled out billions of dollars in extra payments to retirees and municipal employees above and beyond what they were scheduled to receive. John Carlson digs into the fact that powerfully connected labor union officials populated the pension board which had the votes to over-ride anyone seeking to block the extra payments, thus accelerating the city’s financial ruin.