View Poll Results: Do you favor bailing out Detroit?

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  • Yes.

    16 18.18%
  • No.

    67 76.14%
  • Don't know.

    5 5.68%
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Thread: Poll: Do You Favor Bailing Out Detroit?

  1. #131
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by Gimmesometruth View Post
    I know....look at all those lousy local govts....


    Attachment 67151504
    Now, don't stop there - do a little more research and see how many of those cities that lost significant manufacturing jobs have also declared bankruptcy. Here's a hint, those that didn't declare bankruptcy had governing bodies that adjusted to the new reality, encouraged new and different investment, and cut back on expenditures until their local economies turned around.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

  2. #132
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    Re: Poll: Do You Favor Bailing Out Detroit?

    No, we shouldn't bail a city out that's run itself down the tubes with constant, blatant corruption. Citizens and employees should have looked at the self inflicted downfall of Detroit, starting decades ago, and realized that it was time to pack up and leave or come up with a plan for success. I think bailouts would just enable more failure.

  3. #133
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by ttwtt78640 View Post
    Are you kidding me? These "servants" of the people should not get one dime more than the SS/Medicare system that they "opted" out of gives to anyone else with the same earnings history. It is simply insane to "honor" these very special agreements that are unsustainable by the tax base/electorate which allowed these moronic unfunded promises to be made in the first place. Converting selected local gov't employees to some federally protected class of super citizen is not legal, and doubtfully even constitutional.
    I was unaware all they were paying was social security taxes until yesterday. I thought they were paying extra into a pension fund.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  4. #134
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by ttwtt78640 View Post
    Yet you cannot expect to live like a middle class worker with a McJob. In a global market you must accept a global lifestyle. The silly idea now seems to be to turn all "essential" goods and services into entitlements provided by the huge nanny state via income redistribution schemes. Even the village idiot will magically become a middle class regular Joe in the utopian land of unicorns; we will now strive for mediocrity and accept anything short of that as still meriting a "fair share" of the American dream. Instead of making more pies we will now simply share less pies more equally to achieve "social justice".
    Great post!

    It's not going to work, as has been proven over the ages, yet they are trying. "Fair share" is only for the serfs, not the elite class who envision themselves worthy of more. If this is Utopia, it isn't going to work in America--we're too used to striving for better, and will fight for it! :

  5. #135
    Sometimes wrong

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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by polgara View Post
    Great post!

    It's not going to work, as has been proven over the ages, yet they are trying. "Fair share" is only for the serfs, not the elite class who envision themselves worthy of more. If this is Utopia, it isn't going to work in America--we're too used to striving for better, and will fight for it! :
    That is not going to work out well without any export industry growth and a continued "easy money" policy.

    As I pointed out, in a global economy, we (the US) are now enjoying a far higher than average median household income compared to that of most other nations - which is not likely to last for much longer.

    Median household income - Wikipedia, the free encyclopedia

    Income
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  6. #136
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by LowDown View Post
    Come on liberals. Ya'll need to get behind this in a big way.
    Meaning ?
    Please elaborate.
    And be hoest...
    I believe not in bail-outs..
    But, we do have the "too big to fail" conditions.....is this one ??
    This "too big" should never have been allowed to happen....

  7. #137
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by CanadaJohn View Post
    Now, don't stop there - do a little more research and see how many of those cities that lost significant manufacturing jobs have also declared bankruptcy. Here's a hint, those that didn't declare bankruptcy had governing bodies that adjusted to the new reality, encouraged new and different investment, and cut back on expenditures until their local economies turned around.
    Good morning, CJ!

    How radical! It could never work --just ask someone from the Nanny State who has never tried it!

    Reminds me of the Grasshopper and the Ant. Or the Little Red Hen who did all the work required to get her loaves of bread made, and had no help from the lazy ones until it came time to eat the bread--then they were happy to help!

    There's a reason these life lesson stories have endured over the ages!

  8. #138
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    Re: Poll: Do You Favor Bailing Out Detroit?

    I don't think we should bail them out. I think we should investigate and prosecute. Same with "too big to fail."

  9. #139
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by Smeagol View Post
    I think those who's pensions are in jeopardy should somehow be taken care of. I don't think Detroit as a city is worth saving. I can't think of any industry where it makes sense to make Detroit its global headquarters where it wouldn't make more sense to have it somewhere else. The auto industry would be more efficiently run out of a city with an international seaport in my opinion.

    It would have been best to do this in advance, but create a national pool of all city workers pensions then if one city has issues, the retirees are safe. It might be good to go ahead and extend the national pooling to other benefits too like health insurance group, etc.
    No mention is made of the amount nor value of the pensions ..
    We do not know if they are excessive or not...
    I have heard " a dime on the dollar" the value right now ?
    Heartless in spades.
    If , say 80 cents on the dollar, then, yes its a hit, but not a killer..
    The truth needs to be open and public...
    As to Detroit's location, as opposed to , say, San Francisco.....or NYC.
    I remember the Chrysler Building in NYC....would this not be Chrysler's headquarters ?

  10. #140
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by Captain Adverse View Post
    There should not be any "bailout" option. The city government created this mess and if the citizens want to save their city it is up to them it do it themselves.
    The state and the federal governments do have responsibility. A century ago, the money began its migration from the city to the country.
    Action should have been taken then ...and this applies to every city in our nation.
    Now, thanks to irresponsible government, and the people not caring ....they will suffer - this , sadly, necessary.

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