Discussion in 'Current Events' started by the Streif, Jul 18, 2013.
Who saw this coming?
As if not cutting those pensions is an actual option. There's no reason for the Supreme Court to tell these people that the money they were promised doesn't exist. It would be like asking the Supreme Court to rule that water is wet. We just don't know whether water is wet. There's not enough case law on that, your honors, please help us out and tell us.
Wonder if they'd need to file bankruptcy if all the Apes paid income tax like normal Americans.
NAGGERS GONNA ANNOY YOU.
So, wait, you mean spending more than the revenue that comes in can lead to bankruptcy? Why color me shocked.
The racist emergency manager? A black man CEO, by the way. RAYCISS.
Not always: http://www.usdebtclock.org/
This is gonna be fun. So now two pension fund boards are gonna sue the city of Detroit.
So Detroit gave banks several billion dollars to invest. Those banks then proceeded to toss the money into volatile investments known as derivatives/credit default swaps. Detroit lost its ass on these investments. Union pensions won't take anything less than 100%. They'd rather see the whole ship go down than restructure pension plans. Here's a list of Detroit's creditors:
It would be a huge waste of money for our government to bail out Detroit since Detroit doesn't have a tax base proportionate to its liabilities. Detroit would just be "in the red" again next year.
It would be a hoot if they changed the state motto to "Michigan: The Gibsmedat State" or "Detroit: We broke, nigga!"
Ok, you're black!!
Media and pundits blaming it on Republicans in 3 2 1...
(angry typing guy voice) YOU KNOW...IF THE RICH WERE PAYING THEIR FAIR SHARE AND THE GREEDY BANKERS AND WALL STREET AND BUSH'S TWO ILLEGAL WARS THAT WEREN'T PAYED FOR.... (angry typing guy voice)
When I first got interested in politics years ago and read Rush's first book, something he pointed out is totally true: The ONLY time you EVER hear liberal Democrats and the media whine "how can we afford it?" is either proposed tax cuts or funding to a military action. That's it. Jus those two things.You will never ever hear "can we afford it?" concerning anything else. Especially if it's supposedly to help the children or "the poor" or the motherfucking environment
but but but it's the red states that get all the federal dollars
How about cities becoming responsible for extended costs on employees. Most people nowadays have to work until they cant. Money income on most cities cant pay for extended benefits and retirement on employees. Time to start being responsible and just be honest about the future.
socialists have been running this city for 50 years and banking their whole roll on the auto industry
the unions killed GM and Chrysler and now killed detroit
that town along with shitcago need a good nuking
Now how the fuck do we 'pose to keep peace?
Detroit should get a fucking job.
The official democrat Twitter blamed it on Mitt Romney. No fucking joke.
It now appears they've deleted that Tweet.
Take mineral rights royalty payments out of the mix, and that's not true.
What a shock. They give out overpriced salaries and pensions in
a city full of non-taxpayers and they're broke. Who saw that one
coming besides everyone but the city council and the employees
who were in line for those salaries and pensions?
And of course the non-taxpayers since they don't pay shit and most
likely have a friend or relative that will benefit from this shit.
Is it possible for a city to have its charter revoked in this day and age? Their shitty management system has led to this, and they deserve to be written out of existence.
The Great Decline of Detroit has been going on for years. Wasn't it at one point, a city of 1.8M residents? So on one hand, you've got plummeting population, to the tune of 1.1M people over decades. And on the other, you have a corrupt, ultra liberal city government that has spent decades trying to spend their way out of debt. You've got the working class moving out of city limits, and the gibmedats moving in/staying.
This certainly should come as no surprise to anyone.
Clearly, these city leaders have never played SimCity.
Lucky the city has a local resource to raise all the quick cash they could ever need.