Ohio budget creates more tax loopholes including forgiving the Toledo Mud Hens half a million dollars sales tax bill. The state should forgive everybody's sales tax bill.
Detroit to cut pensions in bankruptcy.
"Detroit’s pension shortfall accounts for about $3.5 billion of the $18 billion in debts that led the city to file for bankruptcy last week. How it handles this problem — of not enough money set aside to pay the pensions it has promised its workers — is being closely watched by other cities with fiscal troubles. "Cries of betrayal and hardship don't create wealth. People were foolish to put their retirement in the hands of others.
As multiple courts get involved, Detroit's bankruptcy is going to be a mess.
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