Detroit Files For Bankruptcy
POSTED BY: Jongsstraw
UPDATED: Friday, June 26, 2026 17:40
VIEWED: 3191
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$18.5 Billion in debt, with much of the debt from unfunded union pensions.
http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.
html
http://www.latimes.com/news/nationworld/nation/la-na-0719-detroit-bank
ruptcy-20130719,0,7289375.story
The good news is that the city's largest pawn shop American Jewelry and Loan will be hiring additional employess to handle the expected increase in business. AJL owner Les Gold and family say they're ready to help everyone out.
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I guess they should raise taxes even higher.
[/sarcasm]
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
Resident USA Freedom Fundie
" AU, that was great, LOL!! " - Chrisisall
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Quote:
Originally posted by AURaptor:
I guess they should raise taxes even higher.
[/sarcasm]
Maybe they'll do what Philadelphia just passed ... a 5% tax on lap dances in strip clubs. And it's retroactive! City tax collectors are going club to club, girl to girl, to estimate how many lap dances have been performed for the last five years and at what prices. They're calling it an amusement tax. Ought to be good for a billion or two, all in small bills of course.
http://abcnews.go.com/Business/city-philadelphia-dispute-called-lap-da
nce-tax/story?id=19615451
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Of all the hell holes of a city to have to work in as a dancer.
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
Resident USA Freedom Fundie
" AU, that was great, LOL!! " - Chrisisall
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Romney was 100% right, and after Obama claimed they saved Detroit from bankruptcy, has been wholly & entirely shown to be wrong. Romney has real life experience on saving & turning around financial train wrecks , while the community agitator in chief took part in making matters worse.
Yeah, Barry. That bet sure is paying off.
Moron.
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
Resident USA Freedom Fundie
" AU, that was great, LOL!! " - Chrisisall
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Maybe they should put Detroit up for sale.
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Quote:
Originally posted by whozit:
Maybe they should put Detroit up for sale.
Didn't the city try to sell their old football stadium for like 100,000 $ ?
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
Resident USA Freedom Fundie
" AU, that was great, LOL!! " - Chrisisall
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Well that one lies at the feet of both parties, what you might call a bipartisan FUBAR, even though it's more like 70/30 cause Kwame and his cretinous administration looted the place pretty hard - thing is, people voted for them scum because the GOP candidates were *even worse*!
How on EARTH do you get worse, where does the GOP freakin FIND these berks, scraping the bottom floors of mental institutions or something ?
Anyhows, this is all part of the business as usual model of the Koch faction, run it into the ground, pick it clean, declare bankruptcy and laugh in the face of creditors while leaving the public and the workin sods holding the bag, but despite his absolute disrespect for the State Constitution and Federal Law, ole Synder isn't an all powerful dictator (although he wishes he was) and will be kicked in the teeth by the courts for this, who will block it on Constitutional grounds, there's rules there for a reason, and while the "party of personal responsibility" (except of course when it comes to THEM!) seems to think rules and laws don't apply to them, well...
Mind you, Snyder is part of the Koch faction, and part of the financial woes are the amount of looting he's had to do in order to pay off the Bush-Cheney and Devos-Prince factions in order to hold enough political clout to ram through his agendas, because outside of a tiny minority insulated from the appalling realities of insane economic policies, everyone prettymuch hates his guts, INCLUDING the other two factions, and when he runs out of money to pay them off with, it's gonna be night of the knives for him politically, and the Koch crowd will dump and disown him, especially if there's enough criminal dirt to potentially implicate them in all this.
Not helping is the way the Detroit PD looted the hell out of the public safety budget to live like kings while leaving the Firefighters and EMTs without equipment, lacking personnel and often without even working vehicles - which can't be sorted so easily cause every time more money is dumped into that budget, the DPD loots it even harder...
This is why in the townships, those budgets are seperate.
There's also that, any tyrant should never make the mistake of shafting his praetorian guard, and in his blind greed and desperation apparently the fact that the blue suit mafia would be shorted their cut in this game eluded him, which means they'll turn on him too - morals be damned, the fastest way to break up a criminal or political cabal is somebody not gettin paid, and this is definately a kneecapper here, for without the support of the badge bearing mafia he loses a big chunk of the few assholes still willing to carry out his asinine directives.
Oh, AND his bullshit also all but ensures that Detroit will vote another scumbag like Kwame into the mayors office, just to keep it out of the hands of scum like Synder and his cronies - corrupt as he was, HE didn't bankrupt the friggin city with slash and burn policies based on the magickal thinking of italian fascist economics.
Maybe if the GOP would raise the bar instead of constantly lowering it to the bottom of the political sewer, things might change for Detroit, but so long as they keep providing candidates even worse than the usual brand of corruption, that ain't gonna happen - and the Dems have no incentive to without any real competition.
There's no win here, cept maybe third parties, but even that is an uphill slog cause the GOP likes to doubledip with phony party names(1) over the same agenda and thus folks are suspicious of them cause of it.
-Frem
(1)- In fact, triple dip, cause you have the GOP, US Taxpayer, and Libertarian factions on the ballot here, all run out of the same goddamn office, a fact which doesn't escape the locals - so go right on ahead, keep splittin your own damn vote till no amount of gerrymandering and chicanery can save it, especially since the vote hacks have been discovered and plugged by outside sources.
Winter is Coming... for them
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So who has been in control of and running Detroit for the last 50 years?...
Detroit Mayors:
Jerome Cavanagh - DEMOCRAT
January 2, 1962 – January 5, 1970
Roman Gribbs - DEMOCRAT
January 6, 1970 – January 1, 1974
Coleman Young - DEMOCRAT
January 1, 1974 – January 3, 1994
Dennis Archer - DEMOCRAT
January 3, 1994 – December 31, 2001
Kwame Kilpatrick - DEMOCRAT
January 1, 2002 – September 18, 2008
Kenneth Cockrel, Jr. - DEMOCRAT
September 18, 2008 – May 11, 2009
Dave Bing - DEMOCRAT
May 11, 2009
All Democrats. What a shock!
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Obama gave $30-Billion for Govt Motors to move to Commie China
Cops get 10-cents on the dollar for their stolen pensions HAHAHAHAHAHAHAHAHAHA!!!!
Rand Paul: Obama will bail out Detroit ‘over my dead body’
http://dailycaller.com/2013/07/19/rand-paul-obama-will-bail-out-detroi
t-over-my-dead-body/

In Firefly the Alliance merged the US flag with the flag of Communist China
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