That’s the one good thing you can say about what’s going on in Detroit: It will hopefully motivate the politicians, employees and unions everywhere else to face reality and not believe the Tooth Fairy will somehow deposit the cash under their pillows.

Read more: Detroit Bankruptcy, Detroit, Illinois Pension Reform, Bankruptcy, Finance, Pensions, Illinois Politics, Detroit Politics, Illinois Pensions, Business News

Read Terry Savage: Detroit and the Tooth Fairy in its entirety at The Huffington Post