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Old 06-14-2013, 10:52 AM
 
Location: Maryland
18,630 posts, read 19,409,587 times
Reputation: 6462

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Expected.

Quote:
And so the next casualty of the inevitable municipal collapse appears, which is, as expected, that one-time symbol of all that was right with a (once upon a time) manufacturing America, having since been replaced with the anti-symbol of all that is broken: Detroit.

DETROIT BEGINS MORATORIUM ON ALL DEBT SERVICE PAYMENTS FOR UNSECURED FUNDED DEBT
DETROIT TO DEFAULT ON CERTIFICATES OF PARTICIPATION DUE TODAY
Detroit To Default Today, "Shared-Sacrifice" To Follow | Zero Hedge
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Old 06-14-2013, 10:56 AM
 
Location: A great city, by a Great Lake!
15,896 posts, read 11,981,679 times
Reputation: 7502
I'm just glad it's not Cleveland.
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Old 06-14-2013, 10:56 AM
 
Location: DFW
40,952 posts, read 49,155,879 times
Reputation: 55000
It was only a matter of time.

It maybe too late to do much to help out that city outside of the Feds loaning them some bulldozers and manpower.

What CA city will be next ?
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Old 06-14-2013, 04:41 PM
 
29,407 posts, read 21,996,065 times
Reputation: 5455
The future of America at the rate things are going. Just default and then say what are you gonna do? That seems to be the plan.
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Old 06-14-2013, 04:42 PM
 
Location: None of your business
5,466 posts, read 4,420,766 times
Reputation: 1179
I'll bet it's run by Democrats.
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Old 06-14-2013, 04:47 PM
 
1,316 posts, read 1,447,251 times
Reputation: 1940
O wants to bring in some 250K Syrians seeking asylum....Detroit would be a perfect place for them...GM could donate trucks for them to ride around in with their AK's blazing away at the local Infidels...Mad Max..
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Old 06-14-2013, 04:55 PM
 
72,971 posts, read 62,554,457 times
Reputation: 21872
Seattle and Minneapolis are quite liberal cities. Those cities aren't going bankrupt. What happened to Detroit was corruption, mismanagement, and a shrinking tax base.
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Old 06-14-2013, 04:56 PM
 
29,407 posts, read 21,996,065 times
Reputation: 5455
Quote:
Originally Posted by Chaffeetrekker View Post
O wants to bring in some 250K Syrians seeking asylum....Detroit would be a perfect place for them...GM could donate trucks for them to ride around in with their AK's blazing away at the local Infidels...Mad Max..
I read it was more than that. One million plus refugees and dear leader wants the UN to send em our way. Hell they don't even need to invade with these clowns steering the boat.
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Old 06-14-2013, 04:59 PM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
Quote:
Originally Posted by Chaffeetrekker View Post
O wants to bring in some 250K Syrians seeking asylum....Detroit would be a perfect place for them...GM could donate trucks for them to ride around in with their AK's blazing away at the local Infidels...Mad Max..
There's a bigger number out there though..1.6 million ME refugees are looking for assylum in other countries.
The UN is having a special meeting next week to see where they should all go.
European countries like Germany are only committing to take in 5000 or less. The US has not committed.
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Old 06-14-2013, 04:59 PM
 
156 posts, read 116,194 times
Reputation: 63
Quote:
Originally Posted by eRayP View Post
I'll bet it's run by Democrats.
Detroit has been under Democrat control since the mid 20th century. Your bet is spot on correct. Now collect your winnings.
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