View Poll Results: Do you favor bailing out Detroit?

Voters
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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. #161
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by greyhat View Post
    Done that: it's called the Pension Benefit Guarantee Corporation. The nature of America is personal responsibility and that includes cities.
    No, sorry. PBGC covers private pensions that have been dumped by corporations. This will not apply to those public workers in Detroit.


    Susan Tompor: Pension safety net won't help City of Detroit retirees | Detroit Free Press | freep.com

  2. #162
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by Gimmesometruth View Post
    Um....bankruptcy...is the shedding of responsibility.
    Agree. It is most certainly true in this case where it is being disputed (penions may not be in as bad shape as Orr and friends claim). I think it will be nothing more than a heist if we allow the hedge funds to come in and make hundreds of millions of dollars’ worth of investments in municipalities.

  3. #163
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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.
    Ah, you forget they did not elect Orr. He was place there and they have zero say what decisions the dictator makes.

  4. #164
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by rabbitcaebannog View Post
    Ah, you forget they did not elect Orr. He was place there and they have zero say what decisions the dictator makes.
    I didn't forget anything. He was appointed as emergency manager by the Governor because the elected officials had screwed things up so badly they needed state help to try to dig themselves out. Kevyn Orr did not create the mess which took decades to develop, he's simply trying to figure ways to fix it. Has limited options to do so. Still no excuse to bail the city out. Nor declare bankruptcy.

    The city has assets, start selling them off. The city has a population of 700,000, get them involved in figuring out how to fix their city. Shrink the borders, reduce city services, etc. etc. and Viola! Job done.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

  5. #165
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    Re: Poll: Do You Favor Bailing Out Detroit?

    Quote Originally Posted by Captain Adverse View Post
    I didn't forget anything. He was appointed as emergency manager by the Governor because the elected officials had screwed things up so badly they needed state help to try to dig themselves out. Kevyn Orr did not create the mess which took decades to develop, he's simply trying to figure ways to fix it. Has limited options to do so. Still no excuse to bail the city out. Nor declare bankruptcy.

    The city has assets, start selling them off. The city has a population of 700,000, get them involved in figuring out how to fix their city. Shrink the borders, reduce city services, etc. etc. and Viola! Job done.
    First, I'm glad to see you are not promoting a bankruptcy. My point is Orr makes all the decisions so if he decides to privatize the water and sewerage dept. how are people going to have any kind of sway in fixing public infrastructure when it is no longer in public hands? It becomes another notch in the belt for profiteers and the public virtually has no say in how it is run.

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