How do you arbitrarily lower an arbitrary discount rate?
This thread has derailed. Back to laughing at Detroit and the failed leftist economic model. Elect leaders, award yourself limitless entitlements, bankrupt business, bankrupt taxpayers, bankrupt the city, demand full benefits, claim nobody couldhave seen it coming and/or something "unfair" happened. Isn't this the theme of Atlas Shrugged???
The most pathetic thing here is the "sympathetic high ground" katkid is taking for da poh work in' manperson. These people exhausted the cities coffers at the expense of the health, safety and welfare of the citizens it was supposed to serve. What other purpose does a municipal government serve? Pathetic.