"Detroit has ever experienced, a coalition of local and national charitable foundations has come up with $330 million — so far — to spare the Detroit Institute of Arts and the pensions of public employees from the creditors howling at the city’s door."
This seems silly on its face. Why would they put up funds in order to bail the city out now of pensions they can't afford when similar issues could happen again in the future?
A better solution would be to figure out how to buy the art from the city currently being held hostage by the unions.
1. The art is a public trust.
2. One day someone will explain to you---slowly and carefully---what "public" means.
3. The city isn't, and never was, hostage to the unions. This is simply more of your ignorant malarkey.
4. The bankruptcy of the city coffers was not caused by pension obligations. The average pension for Detroit city workers---which will no doubt be reduced---is $19,000 a year. Explain how people are supposed to live on less than that.
5. The city's finances are a shambles because of previous administrations that looted its treasury illegally, and because the tax base has all but disappeared. This has nothing to do with politics, it has to do with racism.
6. One day you should try to learn a little humility in talking about things you don't understand. I doubt it will happen, but it ought to.
7. I grew up there and lived through these events. You read about them on right-wing news sites. Let's see, which is a more reliable source of information? If you guessed "not you", you'd be correct. Actually, that's always true of you.