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Detroit Files For Bankruptcy (Retirees Outnumber Employees By Over 2 to 1), Judge Bars Pension Cuts
Confounded Interest ^
| 07/18/2013
| Anthony B. Sanders
Posted on 07/18/2013 3:00:40 PM PDT by whitedog57
click here to read article
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To: PapaBear3625
Wow...
Orr must have gotten wind of what she wanted to do, and they jumped the gun on her to keep their options open...
Holy %h!+ Batman that was close and serious...
21
posted on
07/18/2013 3:56:24 PM PDT
by
taildragger
(The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks.....)
To: E. Pluribus Unum
I personally don't give a damn about Unionized teachers. They teach
for all the wrong reasons, and the good ones go along like so-called good Muslims.
Yea, I did the comparison, deal with it.
22
posted on
07/18/2013 3:56:33 PM PDT
by
MaxMax
(If you're not pissed off, you're not paying attention)
To: whitedog57
I'd join in the Detroit bashing. Certainly they've not managed their city well and wrote checks they can't cash.
But if we don't protect our markets, that will eventually be every city. Even cities that avoided debt and didn't promise their employees crap will eventually be dropping basic services and turning out the lights.
23
posted on
07/18/2013 3:59:12 PM PDT
by
DannyTN
To: JSteff
And yes maybe it would not be your dream president, but the one we got because of you is no dream either. The big O is not a dream? I beg to differ. He is a nightmare.
24
posted on
07/18/2013 4:00:30 PM PDT
by
jdsteel
(Give me freedom, not more government.)
To: Average Al
Give every retiree 40 acres and a mule.< P>DEAL!
25
posted on
07/18/2013 4:01:20 PM PDT
by
American in Israel
(A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
To: whitedog57
If Obama had a city.............................
26
posted on
07/18/2013 4:04:39 PM PDT
by
Polyxene
(Out of the depths I have cried to Thee, O Lord; Lord, hear my voice.)
To: House Atreides
> Obama will bail out the Detroit pension recipients.
***************************************************************
I certainly hope not. Im getting a little tired of the statists and the employees of the statists instrument of power (the government) being protected and sheltered.
Funny how all the DemoRat strongholds are running out of money and going bankrupt while the conserative regions are staying solvent and thriving. Surely just a coincidence. Maybe there’s a lesson to be learned there...
To: familyop
Better yet. The city could use those old abandoned buildings to grow weed and poppies with solar powered black lights.............
To: whitedog57
all the black ones, anyway.
29
posted on
07/18/2013 4:19:09 PM PDT
by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
To: taildragger
Orr must have gotten wind of what she wanted to do, and they jumped the gun on her to keep their options open... It's real funny, from an article linked to by the article I linked:
An attorney for the pension funds said he feels blindsided because he agreed to delay the emergency hearing five minutes at the request of attorneys for Gov. Rick Snyder. He was seeking a temporary restraining order to block the historic bankruptcy filing. During those five minutes, he said, attorneys filed in federal court in Detroit for Chapter 9 bankruptcy protection, which generally results in a stay in all other pending litigation involving the city.
Suckers!
30
posted on
07/18/2013 4:20:36 PM PDT
by
PapaBear3625
(You don't notice it's a police state until the police come for you.)
To: whitedog57
How many workers (not #employees) are there in Detroit?
Looks like they ran out of other people's money and it's very likely that the takers outnumber the makers by 10 to 1.
31
posted on
07/18/2013 4:52:53 PM PDT
by
Paladin2
To: DannyTN
Who’s going to feed the ‘rats when there are only ‘rats left?
32
posted on
07/18/2013 4:55:13 PM PDT
by
Paladin2
To: whitedog57
Obamacare’s death panels will deal with the overabundance of retirees quite effectively.
33
posted on
07/18/2013 4:58:51 PM PDT
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
To: CivilWarguy
Pension gap divides public and private workers (2007 article but timely)
http://www.usatoday.com/news/nation/2007-02-20-pensions-cover_x.htm
You can bet the politicians will be looking for ways to steal the 401k savings of the non-government retirees to fund the bloated benefits of the government retirees. The former group has nobody to defend them. The latter has politicians and unions feeding at the trough.
Read pensiontsunami.com regularly.
Its a compilation of news reports, mostly local or regional, about pension problems and abuses everywhere. Youll see what regular Joes are angry about.
www.pensiontsunami.com
34
posted on
07/18/2013 5:08:22 PM PDT
by
TurboZamboni
(Marx smelled bad & lived with his parents most his life.)
To: whitedog57
But I thought Obama single handedly saved the Motor City.
35
posted on
07/18/2013 5:10:53 PM PDT
by
mylife
(Ted Cruz understands the law, and he does not fear the unlawful.)
To: whitedog57
Faced with the obvious solution of slashing pensions, a Michigan judge (Ingham County Circuit Court Judge Rosemarie E. Aquilina) temporarily barred the states governor and Detroits emergency manager from taking any action that would allow cuts in pension benefits for city retirees. BK is Federal The BK judge will overrule one way or another.
36
posted on
07/18/2013 5:14:10 PM PDT
by
Mike Darancette
(Fight the culture of nothing.)
To: DannyTN
Detroit began losing its white population in the 1950's. Had nothing to do with foreign markets, which basically did not exist in that era.
Labor corruption has deep and tenacious roots.
To: whitedog57
Sell off Miggy, I know a few teams that’ll buy him.
To: JSteff
Yeah Romney would be saving us.....
Along with Dole, McCain, Lindsey, Rubio, Christy, etc....
39
posted on
07/18/2013 5:36:09 PM PDT
by
Osage Orange
(Light travels faster than sound. This is why some people appear bright until you hear them speak.)
To: Rusty0604
Detroit councilwoman to Obama: We voted for you, now bail us outGreat idea. All the people who voted for Obama can be tapped for the bailout. Leave the rest of us the heck alone.
40
posted on
07/18/2013 5:43:29 PM PDT
by
randita
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