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Thread: Detroit Files for Largest Municipal Bankruptcy in US History

  1. #71
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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by shrubnose View Post
    There will never be any upside in Afghanistan.
    How could there be we're loosing in Afghanistan.
    Liberals - Punish the Successful, Reward the Unsuccessful
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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by Mach View Post
    Sure, he'll see the vast majority of the U.S. that doesn't use cartel and monopolies (unions, government) and relies on 401Ks and the like instead. When they lose their money, taxpayers don't cover that bill, so fair is indeed fair.
    So in your value system breaking your contractual promises is simply something done because your extremist beliefs let you do it.
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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by haymarket View Post
    So in your value system breaking your contractual promises is simply something done because your extremist beliefs let you do it.
    Breaking contractual promises is done all the time. There's a cost. Taxpayers are better off paying that cost and letting union aristocracy get 401K's like the rest of America.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by Fenton View Post
    Oh yes of-course, it's the greedy creditors who've caused this long decline, not the City Leaders, not the twisted ideology that allowed them to devolve down into bankruptcy instead of adapting and changing with the times....

    UnFreakinBelievable...

    Yes the city politicians and massive public sector unions sucked it dry, as its residents continuosly kept ellecting one Effed up Democrat after another.

    So of course its time to employ the dreaded " eat the rich " tactic and completely ignore the cancer that destroyed the Cities finances...
    And to think that all that happened during fifty years when the population of Detroit doubled, hundreds of new businesses created more jobs than ever, tax revenues were at record highs for year after year and people from the suburbs flooded into Detroit bringing their money and values with them.

    Imagine that!
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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by MaggieD View Post
    People don't know the fiscal condition of their state. They don't know what pension benefits are promised to public sector workers. They don't know how under-funded pension plans are . . . how many cops they have on the street they don't need (now that their population has gone from 1.8 million to just over 700,000 . . . they don't know how union contracts constrict a city's ability to fire workers . . . lay them off . . . they don't know how politicians are paying their brothers-in-law to punch in on the city timeclock at 7 AM in the morning, go to their "other jobs" and punch back out at 5 PM.

    Put the blame where it belongs. On the dufus's that mismanaged and stole from the city coffers.
    Their city government is the people and I say they knew very well what was happening. It was in their face daily. To not know the city is broke and the unions will not budge a dime is known all over the country. This is nothing new to all the outsiders around the country let alone the people living in the city of Detroit. They knew all right, they just didn't give a ****. Kick the can down the road is the mentality of most all our government bodies. Look no further than DC, it is a mess with 17 trillion in debt and growing by a trillion a year and no one cares. This country is headed to the same place as Detroit. But we know where it's headed, no denying that, the people know.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by MaggieD View Post
    Breaking contractual promises is done all the time. There's a cost. Taxpayers are better off paying that cost and letting union aristocracy get 401K's like the rest of America.
    So what do you do with the retirees in their sixties, seventies and eighties who fulfilled their end of the deal and now fear getting screwed so the banks and corporations can get a little bit more on their end?

    What would you tell your mother or father in that position Maggie? Do you think your ranting about anti union nonsense will fill their stomachs or light their furnace when the pension is gone with the wind?
    __________________________________________________ _
    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

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by Captain Adverse View Post
    ANYONE WANNA JOIN ME IN FOUNDING OMNI CONSUMER PRODUCTS (OCP) CORPORATION?

    We can buy up Detroit's debt, take over the police force, and build our own Robocops!!! Wooohoooo!!!
    Even running around Detroit ten years ago, you got a clear idea why they chose that as the setting for Robocop. The cass corridor looks like something from an urban warzone in africa

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by haymarket View Post
    So what do you do with the retirees in their sixties, seventies and eighties who fulfilled their end of the deal and now fear getting screwed so the banks and corporations can get a little bit more on their end?

    What would you tell your mother or father in that position Maggie? Do you think your ranting about anti union nonsense will fill their stomachs or light their furnace when the pension is gone with the wind?
    Those people who are already receiving their pension benefits won't lose a dime. Social Security got re-structured for those under a certain age -- so will union retirement benefits.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by Born Free View Post
    How could there be we're loosing in Afghanistan.



    What are we loosing in Afghanistan?

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by MaggieD View Post
    Those people who are already receiving their pension benefits won't lose a dime. Social Security got re-structured for those under a certain age -- so will union retirement benefits.
    You should live here Maggie. That is not at all what is in the works. Not at all.
    __________________________________________________ _
    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

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