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Re "Billions in Debt, Detroit Tumbles Into Insolvency" (front page, July 19):
Detroit played a huge role in creating America's modern economy, not to mention building the tanks and warplanes that helped us win a war that threatened our way of life. And in the postwar years it was a Detroit-based union, the United Auto Workers, that negotiated the breakthrough contracts that opened the doors to the middle class for blue-collar workers.
Maybe it's time to repay these large favors. We talk about investing in infrastructure: Why not help a downsizing Detroit bootstrap its recovery by tearing down empty eyesores and replacing them with affordable housing? Why not make long-term zero-interest loans to replace decrepit ambulances and streetlights and hydrants? Why not pool our resources to ensure that Detroit workers get the pensions they've earned?
In short, why not help make Detroit a shining example of what this nation can still do when we put our heads together and commit to the common good?
THOMAS N. BETHELL
Washington, July 19, 2013
To the Editor:
If we can bail out the banks, we can bail out Detroit for a lot less money, and more assistance to those who need it.
PATRICIA LOVING
New Haven, July 19, 2013
To the Editor:
Re "Cries of Betrayal as Detroit Plans to Cut Pensions" (front page, July 22):
It is reprehensible to cut the pensions of retirees in Detroit. Why should there be shared sacrifice? Detroit workers did not cause this crisis, and in fact have made many concessions over the past decade, including large pay cuts.
Their pensions are not a bonus or gift; they are a deferred part of their wages. The banks and bondholders that invested in Detroit were hoping for a profit, but knew they might take a loss. They should bear the whole burden. After all, when you invest money, sometimes you win and sometimes you lose. That's the way the market is supposed to work, right?
ANITA CAREF
Chicago, July 22, 2013
To the Editor:
Re "We Have to Step In and Save Detroit," by Steven Rattner (Op-Ed, July 20):
For years the residents of Detroit elected officials who they knew were spending billions more than the city's revenues. For years the union representatives of municipal employees extracted from those same officials, on pain of nonsupport for re-election, unfunded pension contributions.
Now Mr. Rattner argues that the American taxpayer should pick up the tab. No, there must be consequences to greed and irresponsibility.
RICHARD E. MILLER
New York, July 21, 2013
To the Editor:
I agree with Steven Rattner that Detroit must receive a government bailout.
However, I'd like to suggest a way that would result in a win-win for everybody. Rather than sell off the treasured paintings of the Detroit Institute of Art and have them hang in the private homes of the 1 percent, where very few would see them, why not have the federal government buy the entire collection? This way, the collection would stay in place to help stimulate the local economy, and the American people would have sound collateral for their investment.
KERRY BRIAN EGDELL
San Francisco, July 22, 2013
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