/johnny
so someone with a 50k pension is being cut to 8k a year? Detroit screwed up worse than i thought.
You mean!.....You mean!......the Democrat politicians got ALL of their money, and the people who elected them are only going to get 16%?
Hahahahahahahahahahahaha! Welcome to the Democrat party! Vote Democrat. They’re for the working man. Hahahahahahahahahahahaha!
Michigan isn’t really influential enough to qualify for a robust federal bailout.
But you can bet your bippy that Cali, Illinois, and NY will get a lot of help with their debts. Those are the cornerstones of Democrat electoral success.
Cripplecreek, are you out their for conformation on this?
Detroit is dead and al-Qaeda is thriving.
Way to go, Democrats!
Maybe.
I would love to see a lawsuit forcing the city to sell all of their public properties(City Hall,parks,etc) to private corporations like Walmart, Best Buy and these politicians can set up tents to work in.
They made the headline less sensational/informative because they didn’t want it to get a lot of attention apparently
How much were the workers themselves paying in?
If I were a working Firefighter or Police Officer and saw my pension go away like this I would not show up for work next day. If I were retired I would be in an armed protest.
Probably 75% will lose their homes and not have enough to eat.
this is what i told a guy i know(county union worker) awhile back, he was not pleased… I Don’t Care. When you extorted your unjustifiable contracts, you didn’t care about the Taxpayers that will be forced to pay for your salary and benefits that is more, and better, than theirs, no…
You said: Either give me what I want, or I will hurt you.
I will GO ON STRIKE and I WILL HURT YOU!!!
NOT, If you don’t give me what I want, I will quit, and get a different job… NO!
It was, GIVE ME WHAT I WANT OR I WILL HURT YOU!!!
You were told over, and over, and over again, through the years, and extorted contracts, that it was unsustainable.
But YOU didn’t listen, and YOU didn’t care.
And the local government said OK, because there was nothing they could do, And, knowing it would be somebody else’s problem down the road, well...
Well, guess what?
It’s down the road, and now… it’s YOUR problem!!!
The trough is empty, and the teat is dry.
Can you hear ME now???
You were all fat dumb and happy as long as your snout was in the PublicTrough up past your eyeballs,
but now…
Now… that the food level has dropped below Your eyes, even YOU can see the writing on the wall as well as the rest of us.
There WILL be reduced benefits to be sure, if not outright eliminations…
And guess what???
I, DON’T, CARE!!!
Offer .25c on the dollar if they will accept being paid off with scratch off tickets...
Chicago is next, and I cannot wait for the urbanites there to start rioting ... it's gonna be fun to watch from waaaaaaaaay out here in Will County, IL. Thank God the CTA's busses and trains don't come out this way..
Many who actually produced in the private sector have been aroused with the possibility of such haircuts of justice for a long time, and that news brought the first spasm and outpouring of relief. May subsequent warm waves of creamy ecstasy come from similar news about every rotten, thieving, commie local, yocal government.
Was this a defined contribution plan? If so, the retirees probably only paid in a fraction of what they thought they were going to draw out in the first place.
Yet nothing will be learned from this pain. They will continue to behave in exactly the same manner!
In 08 my campaign slogan was “Export Michigan’s economy! Vote Barak!” It upset many of those that I was around, but now they hang their heads in shame....