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

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    Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL

    Quote Originally Posted by MaggieD View Post
    Okay, I have a legitimate question. Detroit's $327,000,000 in the hole, resulting in their filing bankruptcy.

    There are 706,585 people living in Detroit.

    That's $463.00 per person.

    That's completely undoable? A special assessment of sorts?

    Another question: Are policemen, firemen, paramedics, teachers and all other Detroit public workers required to live in the city? If not? They should be. Chicago, Illinois has that requirement. It's the only thing that keeps the city alive.

    Anyone have answers?

    Edit: Wait!!! The $327 million is their deficit. Their debt is $18.4 billion. Holy crap. That's a different horse: that's $26,000 per resident.

    Never mind.
    I'm conflicted. This is in the Michigan constitution, I'd be curious what the machinations got it in there.

    If Michigan says that pensions can't be touched, then perhaps everyone I. Michigan should be o. The hook to see that they get paid and not just the remaining Detroiters. Then perhaps all of Michigan can declare bankruptcy someday and then it would be more legal to cut the pensions or whatever other debts cannot be paid.
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    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by haymarket View Post
    The 18 billion takes in future pension payments that will occur monthly over many many many years. As such, it is NOT money owned right now.
    Where was the union management, Haymarket. As it thought/thinks the city plundered its pension and didn't make contributions, where are the court cases where the union demanded the city address its problem years ago? Where was its political will as it continued to support the very jakes they claim destroyed the funds? Democrats have had control of the city of Detroit for over 50 years. Riddle me that.

    If the union has clean hands, they've done a piss poor job at PR. And that applies to all the public sector unions.
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    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by MaggieD View Post
    Where was the union management, Haymarket. As it thought/thinks the city plundered its pension and didn't make contributions, where are the court cases where the union demanded the city address its problem years ago? Where was its political will as it continued to support the very jakes they claim destroyed the funds? Democrats have had control of the city of Detroit for over 50 years. Riddle me that.

    If the union has clean hands, they've done a piss poor job at PR. And that applies to all the public sector unions.
    Maggie - how does your attempt to turn your ire against unions negate the reality that these payments will not be incurred for years down the road and should not be figured into a bankruptcy today?
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    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by haymarket View Post
    Maggie - how does your attempt to turn your ire against unions negate the reality that these payments will not be incurred for years down the road and should not be figured into a bankruptcy today?
    Ummmm, I wanted to say all that and worked it in there?

    If that's true, the one thing that applies is, "The union has done a terrible job at PR."
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    re: Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

    Quote Originally Posted by haymarket View Post
    Well somebody is on the job protecting pensions and the rights of workers"

    Judge rules Detroit Chapter 9 bankruptcy filing unconstitutional



    Read more: Judge rules Detroit Chapter 9 bankruptcy filing unconstitutional


    I wonder where the Judge intends to magic the money to pay Detroits' obligations from? this ought to be fun (in a twisted sort of way) to watch.


    Detroit is de facto bankrupt, whatever a judge says. You don't get to re-adjudicate reality.

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

    Quote Originally Posted by cpwill View Post


    I wonder where the Judge intends to magic the money to pay Detroits' obligations from? this ought to be fun (in a twisted sort of way) to watch.

    Detroit is de facto bankrupt, whatever a judge says. You don't get to re-adjudicate reality.
    This judge is a political panderer.

    When the City of Detroit came into court, she said something to the effect that, "The union was one minute behind the City of Detroit with a motion to stay the bankruptcy. I want to let you know I would have granted that stay."

    (So vote for me.)

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

    Quote Originally Posted by Ikari View Post
    If government can declare bankruptcy, then there's nothing preventing the federal government from reneging on its debts.


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

    Quote Originally Posted by MaggieD View Post
    This judge is a political panderer.

    When the City of Detroit came into court, she said something to the effect that, "The union was one minute behind the City of Detroit with a motion to stay the bankruptcy. I want to let you know I would have granted that stay."

    (So vote for me.)

    I just am sort of enjoying the way that the realization that you can't - actually - legislate or adjudicate away fiscal reality is going to be dawning on some folks here over the next few years. What the heck do you mean, we can't vote ourselves more money ad infinitum?!?
    Last edited by cpwill; 07-20-13 at 09:11 AM.

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

    Quote Originally Posted by MaggieD View Post
    This judge is a political panderer.

    When the City of Detroit came into court, she said something to the effect that, "The union was one minute behind the City of Detroit with a motion to stay the bankruptcy. I want to let you know I would have granted that stay."

    (So vote for me.)

    I've long wondered about the election of judges. I m wonder if making them all appointees with greater vulnerability to impeachment or legislative overturning is a better mechanism for balance.

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

    Quote Originally Posted by MaggieD View Post
    Ummmm, I wanted to say all that and worked it in there?

    If that's true, the one thing that applies is, "The union has done a terrible job at PR."
    I cannot tell you how many union meetings I have attended over several decades where that message was sent to leadership by angry members.
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