Home › Forums › Housing › Here we go again (Low low down payment) › FlyerInHi
[quote=FlyerInHi] Municipalities will always pay their bonds and employees. They may cut services to the bones and citizens will suffer.
But if they reach a point they can’t pay anymore, there’s a process called bankruptcy. Detroit did it.[/quote]
And Detroit is proving that, yes they can rewrite contracts all the time if push comes to shove…
