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Judge rules Detroit bankruptcy filing UNCONSTITUTIONAL[W:584]

Governments cannot declare bankruptcy IMHO, governments should always pay their way. If a company goes into business with individuals and/or companies he knows he always runs the risk of not getting paid due to bankruptcy risks, but a company should always be able to count on getting paid by government in any shape or form.

Governments have to pay their way, always and in all situations and not weasel out by declaring bankruptcy.

It sounds like you are saying that government has a green light to happily live far outside their means, mismanage their finances and tax/spend to oblivion. In other words, not be responsible for being stupid. I think governments should also have the right to declare bankruptcy, but it should be followed by requirements of the heads of whatever state to spend 10 yrs in prison right in there with the general prison population. Not in the tennis club confinements these types typically get. This predicament is the result of liberal government practices... give the whiners what they want , tax the people who work for a living to death and party hardy into the night.
 
don't we owe the people who worked all their life, a pension? or do we give them a iou?

Let the unions cover the pensions.

BTW, you remember Enron? My parents lost about 1/3 of their retirement funds. The teacher's union got bailed out over that by the federal government. My parents did not. It's time for the government to stop picking the winners and losers.
 
I cannot tell you how many union meetings I have attended over several decades where that message was sent to leadership by angry members.

And yet, union rank and file just kept on electing the same union leadership that helped put Detroit into the crapper, and let them donate union dues to liberal causes and candidates who continually perpetuated this disaster. And they have the gonads to fight the bankruptcy.
 
YO >>>> McFLY????? THERE IS NO MONEY!!!!!!!!!! :beatdeadhorse
 
And yet, union rank and file just kept on electing the same union leadership that helped put Detroit into the crapper, and let them donate union dues to liberal causes and candidates who continually perpetuated this disaster. And they have the gonads to fight the bankruptcy.

Exactly.
 
Let the unions cover the pensions.

and now is this where somebody is suppose to say "let the military raise their own budget"? :shock: It would make just as much sense as that ridiculous suggestion. :roll:
 
And yet, union rank and file just kept on electing the same union leadership that helped put Detroit into the crapper, and let them donate union dues to liberal causes and candidates who continually perpetuated this disaster. And they have the gonads to fight the bankruptcy.

Perhaps you can tell us the factors that led to this disaster?
 
Perhaps you can tell us the factors that led to this disaster?

Some, but certainly not all factors include:
City unions getting everything they ever asked for.
City government giving them everything they ever asked for, so they can stay in office.
Spending $100M+ more than they have since 2005.
Watching the tax base slowly evacuate the city.
 
Some, but certainly not all factors include:
City unions getting everything they ever asked for.
City government giving them everything they ever asked for, so they can stay in office.
Spending $100M+ more than they have since 2005.
Watching the tax base slowly evacuate the city.

Lets start with your first item.

Please provide verifiable evidence for this claim.
 
Detroit should serve as a small scale model to the entire US government spending. Eventually it all collapses due to improper management, pocketing money, taking bribes, etc. So it took about 50-60 years for Detroit to collapse. The question is when do we start the clock on the US government?
 
Wanting to rid the city of its pension obligations is one of his goals.

I think his key goal is to have creditors holding GO bonds take a haircut, not an easy thing to do.
 
and what about the people whose pensions are at risk? do we have to give them nothing?

You just don't get it. There is no money to pay them. Money doesn't grow on trees. There simply isn't any. It doesn't matter how much you wish there was, there just isn't.
 
I don't need a weather report to know it's raining, I can just look out the window.

Thank you for clearly indicating you are unable to substantiate your claim with any evidence.
 
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.

And a huge number of those people are on welfare or other government assistance and don't have jobs. Detroit is dead. Shoot it and move on.
 
And a huge number of those people are on welfare or other government assistance and don't have jobs. Detroit is dead. Shoot it and move on.

But they won't shoot it and move on. So how does one resurrect a dying city?
 

Nothing in those links provides any substantiation for the claims

City unions getting everything they ever asked for.
City government giving them everything they ever asked for, so they can stay in office.

There is nothing there that supports those allegations.

But feel free to now actually quote from these links and tell us how they support the claim that unions got everything they asked for and the city government gave unions everything they asked for so they could stay in office.

I welcome seeing that evidence.
 
If government can declare bankruptcy, then there's nothing preventing the federal government from reneging on its debts.

And why can't it? Just because you don't like it doesn't mean it can't happen.
 
Nothing in those links provides any substantiation for the claims

There is nothing there that supports those allegations.

But feel free to now actually quote from these links and tell us how they support the claim that unions got everything they asked for and the city government gave unions everything they asked for so they could stay in office.

I welcome seeing that evidence.

They were obviously given more than the city could afford. Or don't you even agree with that? Do you just continue to blame mismanagement by city officials? You know, the city officials that the unions supported for years?
 
Detroit should serve as a small scale model to the entire US government spending. Eventually it all collapses due to improper management, pocketing money, taking bribes, etc. So it took about 50-60 years for Detroit to collapse. The question is when do we start the clock on the US government?

If your comparison is accurate , the following things would have to happen:

1- 60% of people will move out of the USA.
2- the main businesses in the USA would also have to move out
3- the majority of jobs in the USA would have to be lost
4- the tax base in the USA would have to decrease by 2/3 of what it is now

When those things happen, you will have a solid comparison.
 
Nothing in those links provides any substantiation for the claims



There is nothing there that supports those allegations.

But feel free to now actually quote from these links and tell us how they support the claim that unions got everything they asked for and the city government gave unions everything they asked for so they could stay in office.

I welcome seeing that evidence.

Perhaps YOU can enlighten us as to how Detroit is in the predicament it is in?
 
But they won't shoot it and move on. So how does one resurrect a dying city?

You really can't. Everything that made Detroit a city is gone. Unless they can attract industry and taxpayers, there really isn't anything that can be done. It was an experiment that failed. Move on.
 
They were obviously given more than the city could afford. Or don't you even agree with that? Do you just continue to blame mismanagement by city officials? You know, the city officials that the unions supported for years?

So lets start out with first things first Maggie. The contention that unions got everything they wanted is clearly BS.

Agreed?

The contention that the city gave them everything they wanted so they could stay in office and win elections is also clearly BS.

Agreed?
 
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