Detailed text transcripts for TV channel - MSNBC - 20130719:13:39:00
Approximately another $3.5 million is unfunded pensions. only $2 million roughly of that $12 billion or so is related to unsecured bond debt, the vast majority of it has to do with pensions and health care. >> why not seek a bailout? new york city in the '70s got a bailout from the federal government. why not try to seek a bailout from the state or the federal government? >> that was a different time, first of all. these are problems of detroit's own making. if we go back and look at the jen sus of these problems, 2005, 2006, the city borrowed $1.5 billion. that would secure the pension proble...
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