Part of Detroit's bankruptcy plan could include shifting retiree health care costs to federal taxpayers, through ObamaCare health exchanges. The New York Times reported today that the city is eyeing the controversial solution as a way to get health care coverage for public retirees who are too young to qualify for Medicare.
Sean Hannity and former Obama advisor Austan Goolsbee got into a shouting match over Detroit. Before the 2012 election, President Obama stated that his administration “refused to let Detroit go bankrupt.”
This week, Detroit became the largest city to file for bankruptcy, facing an estimated debt of $19 billion dollars. Detroit Emergency Manager Kevyn Orr must now figure out how to run the city. He spoke to Chris Wallace on Fox News Sunday on what’s next.
Michigan Gov. Rick Snyder joined Bret Baier on Special Report Thursday evening to react to Detroit announcing that it would file for bankruptcy. Snyder was tasked with making the final decision on the filing, done by a city that has spent an average of $100 million more than it has taken in every year since 2008 ... and has borrowed the rest.