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View Poll Results: Should we let Detroit die?
Yes 134 50.76%
No 72 27.27%
Turn it into a Post Apocalyptic Theme Park 58 21.97%
Voters: 264. You may not vote on this poll

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Old 07-23-2013, 03:37 PM
 
5,696 posts, read 6,197,715 times
Reputation: 1944

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let them face the problems they created and make it right
think they are sorry they voted for Obama??
after all he swore they would be great if they did
well how is that working out??
and what about the other cities?? do we bail them out too??
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Old 07-23-2013, 03:39 PM
 
Location: Minnysoda
10,659 posts, read 10,701,824 times
Reputation: 6745
Detroit's public employee union is AFSCME local 207. If you read the link it will show you what the City management team wants to offer them. It's actually not to bad compared to some other city benny package out there. ASCME is an National organization I don't understand how those retirees could be on the line in a bankruptcy??/



AFSCME Local 207's Official Website
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Old 07-23-2013, 03:44 PM
 
Location: NJ
18,665 posts, read 19,934,632 times
Reputation: 7314
Quote:
Originally Posted by texdav View Post
Incorrect there is a definite order in bankruptsy of bondholders and pensions are not at the top. In this unlike the force bankrupsy of GM and Chrylser the pension is not at the top. they will face the same as others and this can take years to even get done.
Since the bondholders alone hold far in excess of
Motown's assets, it is going to be a deep haircut for both.

Perhaps Jiffy Hoffa can negotiate for the retirees.
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Old 07-23-2013, 03:55 PM
bUU
 
Location: Florida
12,077 posts, read 10,679,221 times
Reputation: 8798
Quote:
Originally Posted by urbanlife78 View Post
If you have to ask that question, then you don't understand how cities and states work.
+1

No.... +2

Putting it in other terms, Michigan had an obligation of sovereignty to intervene on behalf of its state's citizens, and failed to do so effectively.

Quote:
Originally Posted by my54ford View Post
What does the size of the town matter?
It indicates how many human beings will be affected.

Quote:
Originally Posted by my54ford View Post
Small towns all across the Midwest that once thrived are shadows of their former glory...
It is sad that you show so little concern for those who will be affected now, in Detroit. Or refuse to show concern because of some motivation you haven't shared with us.

Quote:
Originally Posted by bobtn View Post
Retirees are just another creditor.
Not according to Michigan law. Michigan law would have to be set aside before what you're saying becomes true.
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Old 07-23-2013, 04:01 PM
 
Location: Portland, Oregon
46,001 posts, read 35,097,852 times
Reputation: 7875
Quote:
Originally Posted by dnvrsoul View Post
Detroit will not become a thriving tax base for the state for years-if ever.

When you allow unions to take over a city with bloated pensions and only one industry-it was bound to happen.

Just look at Pittsburgh-they were on the verge of bankruptcy-but they changed...Detroit did not or refused to.
Then that is between Detroit and Michigan.
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Old 07-23-2013, 04:03 PM
 
Location: Portland, Oregon
46,001 posts, read 35,097,852 times
Reputation: 7875
Quote:
Originally Posted by malamute View Post
So you are saying people in responsible smaller cities and tiny towns who work into their 70s and scrimp by on much less must give up all they have so the fat cats can retire at 50 and live high on the hog for another 40 or 50 years.
No, I am saying the people of Michigan are responsible for the contracts that are drawn up in the state of Michigan. Last time I checked, Detroit was in Michigan.
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Old 07-23-2013, 04:58 PM
 
47,525 posts, read 69,565,345 times
Reputation: 22474
Quote:
Originally Posted by urbanlife78 View Post
No, I am saying the people of Michigan are responsible for the contracts that are drawn up in the state of Michigan. Last time I checked, Detroit was in Michigan.
So rob Peter to give to Paul because Paul wants to retire at a very young age and go on European vacations and live it up on the backs of others who will never retire trying to pay for the lavish retirements of Detroiters.

Just cut the pensions to what others have to live on. Living in Detroit doesn't make someone special.
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Old 07-23-2013, 04:59 PM
 
Location: Upper East Side of Texas
12,498 posts, read 26,922,610 times
Reputation: 4890
If Obama had a city it would look like Detroit.
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Old 07-23-2013, 05:21 PM
 
Location: NJ
18,665 posts, read 19,934,632 times
Reputation: 7314
Quote:
Originally Posted by bUU View Post
+1

No.... +2

Putting it in other terms, Michigan had an obligation of sovereignty to intervene on behalf of its state's citizens, and failed to do so effectively.

It indicates how many human beings will be affected.

It is sad that you show so little concern for those who will be affected now, in Detroit. Or refuse to show concern because of some motivation you haven't shared with us.

Not according to Michigan law. Michigan law would have to be set aside before what you're saying becomes true.
Can't pay what you don't have. Just a 18% ratio assets-liabilities.
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Old 07-23-2013, 06:00 PM
 
Location: Portland, Oregon
46,001 posts, read 35,097,852 times
Reputation: 7875
Quote:
Originally Posted by malamute View Post
So rob Peter to give to Paul because Paul wants to retire at a very young age and go on European vacations and live it up on the backs of others who will never retire trying to pay for the lavish retirements of Detroiters.

Just cut the pensions to what others have to live on. Living in Detroit doesn't make someone special.
Again, this statement is nothing more than a strawman, who is this person who retired "very young" and goes on European vacations?

Also, you still seem to not be getting the idea that the city of Detroit is inside the state of Michigan, thus making it Michigan's problem and responsibility to honor those contracts. It is also why the state has it in their constitution that says they basically pay their debts, thus could make the bankruptcy unconstitutional.
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