Points Lee Made News Today

Behind the takers. what do you think about that? >> just about every part of that is wrong. let me back up a second, though, to pick up on one of the points lee made. this is a contractual obligation. i just find it kind of striking here because theres such a selectivity about how we view the contracts. you might remember back when aig was bankrupt. there was a big issue they had these bonuses for their top people. hundreds of thousands of dollars per person. and we ended up paying them because ...

Health care. they got used to all the other, you know, handouts of money from the government, and when hard times arrived, it was impossible to in the end do anything because it would be seen as a cruel reduction of x, y and z. >> thats charles krauthammer giving the right wing take on the bankruptcy in detroit. still with me is lee saunders from the afscme union, and dean baker, co-director for the center of economic and policy research. dean, youve been seeing this ever since detroit filed, be...