Page 2 of 60 FirstFirst 12341252 ... LastLast
Results 11 to 20 of 593

Thread: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

  1. #11
    Sage
    Unitedwestand13's Avatar
    Join Date
    Jan 2013
    Location
    Sunnyvale California
    Last Seen
    Yesterday @ 08:16 PM
    Gender
    Lean
    Liberal
    Posts
    14,909

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by Erod View Post
    Nothing minus minus equal nothing. So now taxpayers in non-union states have to pay for them? Wait, don't answer that.
    don't we owe the people who worked all their life, a pension? or do we give them a iou?

  2. #12
    Sage

    Join Date
    Feb 2013
    Last Seen
    12-04-17 @ 09:36 AM
    Gender
    Lean
    Libertarian
    Posts
    12,361

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by Unitedwestand13 View Post
    and what about the people whose pensions are at risk? do we have to give them nothing?
    Yes. It is a tragedy and it has happened many times in the private sector. Mismanagement is always tragic.

  3. #13
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    As long as one printing press is running, we will never run out of money.
    imgres.jpeg

  4. #14
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 02:45 PM
    Lean
    Conservative
    Posts
    13,038

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by Unitedwestand13 View Post
    don't we owe the people who worked all their life, a pension? or do we give them a iou?
    Who's we? I don't owe them a thing, and I'm certainly not in line for a pension.

    That's the thing with Ponzi schemes. Eventually the music stops.

  5. #15
    Sage
    mac's Avatar
    Join Date
    Jun 2010
    Location
    DC Metro
    Last Seen
    11-13-16 @ 12:58 PM
    Gender
    Lean
    Moderate
    Posts
    22,499

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by haymarket View Post
    Oh I agree that the bankruptcy proceeding will indeed eventually go forward. The question however is what extent pensions will be included. This ruling shows that there are significant legal doubts about the validity and constitutionality of including them in such a procedure.
    How does it matter? If there's no money to pay the pensions....what does the fairy tale that they are going to get paid do for you?
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

  6. #16
    Sage
    mac's Avatar
    Join Date
    Jun 2010
    Location
    DC Metro
    Last Seen
    11-13-16 @ 12:58 PM
    Gender
    Lean
    Moderate
    Posts
    22,499

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by Unitedwestand13 View Post
    and what about the people whose pensions are at risk? do we have to give them nothing?
    The bankruptcy is a result of the Unions failing to negotiate a settlement regarding the pensions. The emergency manager attempted to negotiate with them in order to make sure they got "something" but union bosses stomped their feet, stuck fingers in their ears, and said no.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

  7. #17
    Outer space potato man

    Join Date
    Feb 2010
    Last Seen
    Today @ 02:55 PM
    Gender
    Lean
    Undisclosed
    Posts
    51,744

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by mac View Post
    The bankruptcy is a result of the Unions failing to negotiate a settlement regarding the pensions. The emergency manager attempted to negotiate with them in order to make sure they got "something" but union bosses stomped their feet, stuck fingers in their ears, and said no.
    No, the bankruptcy is a result of major economic and social shifts occurring over a period of several decades.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  8. #18
    Sage
    Higgins86's Avatar
    Join Date
    Oct 2011
    Location
    England
    Last Seen
    Today @ 02:46 PM
    Gender
    Lean
    Independent
    Posts
    13,249

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by Erod View Post
    There...is...no...money.

    Democrats just don't get the concept.
    I dont think anyone understands that concept.
    ‘This is not peace, it is an armistice for 20 years.’ (Ferdinand Foch. After the Treaty of Versailles, 1919).

  9. #19
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 02:42 PM
    Lean
    Undisclosed
    Posts
    89,748

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by LowDown View Post
    It doesn't matter whether they are included or not. There's no money to pay them. An orderly bankruptcy is more their favor than the chaos that will result without one.

    Eventually you run out of other people's money.
    Those pensions are paid on a monthly basis. How does one claim that they will have no money to make their December 2018 payment or their July 2021 payment or their January 2024 payment?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  10. #20
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 02:42 PM
    Lean
    Undisclosed
    Posts
    89,748

    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by Unitedwestand13 View Post
    don't we owe the people who worked all their life, a pension? or do we give them a iou?
    A free subscription to the Lew Rockwell newsletter and a chance to take classes at the prestigious Von Mises Institute would seem to be the ticket.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

Page 2 of 60 FirstFirst 12341252 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •