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Examiner Editorial: Detroit bankruptcy ruling clears way for pension cuts

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U.S. Bankruptcy Judge Steven Rhodes ruled Tuesday that Detroit is indeed bankrupt and can proceed with its Chapter 9 filing. The facts in the case gave him no grounds on which to rule otherwise: The Motor City has an estimated $18 billion in debt and cannot reliably provide even basic services to its residents. Rhodes might as well have declared that the earth was round and the sun rises in...