Multiple stories today in all media outlets about the Detroit bankruptcy filing being approved (the right to use the Federal Bankruptcy courts). This resort to the courts follows years of failure by government (elected officials) and other interested parties (e.g., large creditors such as public sector unions) to resolve the crisis.
Made me wonder whether the Federal Bankruptcy courts will be the (unelected) branch of government that will be called on to resolve the gargantuan fiscal crises that face all levels of government, federal, state & local due to budget deficits and -- larger and more intractably -- unfunded pension liabilities.
If so, a scary indictment of the unworkability of representative democracy.