Ranqit! - Top ranqed comments for meanwhile, detroit owes around $18.5 billion to its creditors

The Top Ranked Comments For meanwhile, detroit owes around $18.5 billion to its creditors

That includes about $6 billion in health-care and life insurance obligations, plus roughly $3.5 billion in pension costs racked up over the years. Given its ever-worsening economic slide, Detroit was in no position to pay off all its obligations.

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