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Thread: Detroit Files for Largest Municipal Bankruptcy in US History

  1. #121
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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by rabbitcaebannog View Post
    Yes, and when you look at the cost, pensions actually costs the tax payers less. They benefit from the social security money teachers put into the system but will not collect. They benefit when teachers contribute more to the pension system. The important thing is that these pensions need to be be protected from corruption like any system does.
    A lot of states do not participate in SS and have their own pension plans. That isn't right or wrong just reality. If you don't contribute to SS then you don't get any social security benefits except as a survivor to someone who does get those benefits.

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by LowDown View Post
    And one of the biggest reasons they did not innovate and the quality of their cars went down was the fact that they had to pay double or triple what their Japanese and European competition had to pay for labor. There was a lot less money to put into the cars. It was only much later, when the industry in the US was facing collapse, that unions started making concessions.
    Unions are big in Germany and other auto industries. The difference is the amount of protections the governments put into place to prop up their auto industry.

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by haymarket View Post
    I just love it how the right libertarians constantly expose their disdain for the common American and in turn favor corporations and the wealthy.
    Sounds a lot like Public employees paid by the taxpayers who have disdain for that taxpayer by demanding more than the taxpayer is willing to fund. It does seem that many PUBLIC servants don't understand they are paid by the public through state taxes and not the bureaucrats who gave them those benefits.

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by Conservative View Post
    Sounds a lot like Public employees paid by the taxpayers who have disdain for that taxpayer by demanding more than the taxpayer is willing to fund. It does seem that many PUBLIC servants don't understand they are paid by the public through state taxes and not the bureaucrats who gave them those benefits.
    That little rubber hammer just hit your patella...... again.
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  5. #125
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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by Conservative View Post
    A lot of states do not participate in SS and have their own pension plans. That isn't right or wrong just reality. If you don't contribute to SS then you don't get any social security benefits except as a survivor to someone who does get those benefits.
    Oh, I've participated and contributed to social security my entire life. I started working at 16 and entered the teaching field at 25 and have held a second job my entire working history.

    Also, did I mention as a survivor I will only be able to collect one third of my husbands social security.

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    I dunno, if I were an aspiring politician, no matter where I was running for office, I'd make a documentary (not too long winded but just enough for the ill-informed voter to grab a clue) of Detroit, and show people everywhere what happens when liberalism is left untouched. I'd point to it, and say "see.. Damit, see".. Detroit is a gift to conservative politicians. The people of Detroit can't blame ANYONE other than themselves. Republicans', the GOP have nothing to do with what happened in Detroit. Can't blame Bush, can't blame a single republican for that turd! Only Democrats are to blame, and they OWN it incontrovertibly.


    Tim-
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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by LowDown View Post
    They ought to turn Detroit into a national park, to show our kids the wonders of "Government Help."

    https://twitter.com/iowahawkblog/sta...60657339023361
    Heya LD .....yeah a major City is pretty bad. But don't you worry the Democrats in Illinois are pushing for even a Bigger Slice of the Pie. As they want the State of Illinois to file Bankruptcy.

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by Hicup View Post
    I dunno, if I were an aspiring politician, no matter where I was running for office, I'd make a documentary (not too long winded but just enough for the ill-informed voter to grab a clue) of Detroit, and show people everywhere what happens when liberalism is left untouched. I'd point to it, and say "see.. Damit, see".. Detroit is a gift to conservative politicians. The people of Detroit can't blame ANYONE other than themselves. Republicans', the GOP have nothing to do with what happened in Detroit. Can't blame Bush, can't blame a single republican for that turd! Only Democrats are to blame, and they OWN it incontrovertibly.


    Tim-
    If you are a partisan hack, technically, Clinton did sign NAFTA that started the ball rolling on outsourcing many of our manufacturing plants and popped the genie out of the bottle so to speak. But, I'm not convinced these bad policies are really Republican vs. Democrat.

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by haymarket View Post
    I just love it how the right libertarians constantly expose their disdain for the common American and in turn favor corporations and the wealthy.
    And then you wonder why they cannot even muster 1% in the presidential vote and have to resort to carjacking an established party to get any semblance of power at all.
    What's especially stupid is this "us vs them" mentality with regard to the corporations and the people. What kind of loser isn't connected in some way with corporations in terms of his savings, investments, employment, corporate taxation, or his needs for goods and services? Corporations are the people, or a big part of them.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by MMC View Post
    Heya LD .....yeah a major City is pretty bad. But don't you worry the Democrats in Illinois are pushing for even a Bigger Slice of the Pie. As they want the State of Illinois to file Bankruptcy.
    Indeed. Even as we see Detroit go down in ignominious collapse liberals are working tirelessly to do the same to the rest of the country, not the least California, where, if memory serves, a few medium sized cities are in bankruptcy and the governor is crowing about 'reversing the deficit' based on projections that people will stop leaving the state in droves fleeing high taxes and oppressive and expensive regulations.

    I hear they are optimistic about doing the same to Texas soon. If Texas goes down then what is left?

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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