- Joined
- Feb 28, 2013
- Messages
- 1,285
- Reaction score
- 566
- Location
- Southwest AZ
- Gender
- Male
- Political Leaning
- Conservative
Governments cannot declare bankruptcy IMHO, governments should always pay their way. If a company goes into business with individuals and/or companies he knows he always runs the risk of not getting paid due to bankruptcy risks, but a company should always be able to count on getting paid by government in any shape or form.
Governments have to pay their way, always and in all situations and not weasel out by declaring bankruptcy.
don't we owe the people who worked all their life, a pension? or do we give them a iou?
I cannot tell you how many union meetings I have attended over several decades where that message was sent to leadership by angry members.
And yet, union rank and file just kept on electing the same union leadership that helped put Detroit into the crapper, and let them donate union dues to liberal causes and candidates who continually perpetuated this disaster. And they have the gonads to fight the bankruptcy.
Let the unions cover the pensions.
And yet, union rank and file just kept on electing the same union leadership that helped put Detroit into the crapper, and let them donate union dues to liberal causes and candidates who continually perpetuated this disaster. And they have the gonads to fight the bankruptcy.
Perhaps you can tell us the factors that led to this disaster?
Some, but certainly not all factors include:
City unions getting everything they ever asked for.
City government giving them everything they ever asked for, so they can stay in office.
Spending $100M+ more than they have since 2005.
Watching the tax base slowly evacuate the city.
Wanting to rid the city of its pension obligations is one of his goals.
Detroit May Close Half of Its Schools to Pay for Union Benefits | TheBlaze.comLets start with your first item.
Please provide verifiable evidence for this claim.
Lets start with your first item.
Please provide verifiable evidence for this claim.
and what about the people whose pensions are at risk? do we have to give them nothing?
I think his key goal is to have creditors holding GO bonds take a haircut, not an easy thing to do.
I don't need a weather report to know it's raining, I can just look out the window.
Edit: Wait!!! The $327 million is their deficit. Their debt is $18.4 billion. Holy crap. That's a different horse: that's $26,000 per resident.
Never mind.
And a huge number of those people are on welfare or other government assistance and don't have jobs. Detroit is dead. Shoot it and move on.
Detroit May Close Half of Its Schools to Pay for Union Benefits | TheBlaze.com
Detroit unions balk at demands for more concessions to balance the budget | MLive.com
Brian Pannebacker: Blatant Power Grab by Union Bosses Would be a Death Sentence for Michigan Economy - Republican Committee of Northern Macomb County Republican Committee of Northern Macomb County
Detroit Fast Food Strike Employees Gather At Protest To Demand Unions And A $15 Per Hour Wage
Detroit Gave Unions Keys To The City, And Now Nothing Is Left - Forbes
City unions getting everything they ever asked for.
City government giving them everything they ever asked for, so they can stay in office.
If government can declare bankruptcy, then there's nothing preventing the federal government from reneging on its debts.
Nothing in those links provides any substantiation for the claims
There is nothing there that supports those allegations.
But feel free to now actually quote from these links and tell us how they support the claim that unions got everything they asked for and the city government gave unions everything they asked for so they could stay in office.
I welcome seeing that evidence.
Detroit should serve as a small scale model to the entire US government spending. Eventually it all collapses due to improper management, pocketing money, taking bribes, etc. So it took about 50-60 years for Detroit to collapse. The question is when do we start the clock on the US government?
Nothing in those links provides any substantiation for the claims
There is nothing there that supports those allegations.
But feel free to now actually quote from these links and tell us how they support the claim that unions got everything they asked for and the city government gave unions everything they asked for so they could stay in office.
I welcome seeing that evidence.
But they won't shoot it and move on. So how does one resurrect a dying city?
They were obviously given more than the city could afford. Or don't you even agree with that? Do you just continue to blame mismanagement by city officials? You know, the city officials that the unions supported for years?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?