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Michigan to Appoint Emergency Fiscal Manager for Detroit (Detroitistan Collapses)
New York Times ^ | March 1, 2013 | MONICA DAVEY

Posted on 03/01/2013 4:32:49 PM PST by Texas Fossil

Gov. Rick Snyder of Michigan announced on Friday that the city of Detroit is so snarled in financial woes that the state must appoint an emergency manager to lead it out of disaster.

“There is probably no city that is more financially challenged in the entire United States. If you look at the quality of services for citizens it’s ranked among the worst. So we went from the top to the bottom over the last 50 or 60 years,” Mr. Snyder told Detroiters in a town-hall-style meeting that was broadcast live on local television stations across the city.

(Excerpt) Read more at nytimes.com ...


TOPICS: Government; News/Current Events; US: Michigan
KEYWORDS: bankruptcy; detroit; michigan
In the article there are some incredible statements by local officials about the efforts to resolve the bankruptcy of Detroit. They say it is simply un-Democratic.

This is not going to be pretty, Scotty to Jim "she is dead".

1 posted on 03/01/2013 4:33:02 PM PST by Texas Fossil
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To: Texas Fossil

Having watched Snyder for a while, I would expect a round of FBI investigations of city officials.

As much as I want to kick his butt about half the time, he don’t play checkers.


2 posted on 03/01/2013 4:59:25 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Texas Fossil

The Democrats did to Detroit what Hitler could not do.


3 posted on 03/01/2013 5:07:03 PM PST by allendale
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To: Texas Fossil

I might get flamed for this but I’m kinda torn.

One way or another, the city is doomed. The only way to get rid of the short and long term debt is to A) Immediately stop paying (or reduce payments) of current and future pensions or B) Wait for people to die.

A state taking over one of its cities and dismissing elected officials? Hmmm. I’m thinking constitution here. Does the Federal Constitution apply to individuals with regards to the actions of the sovereign state upon it’s constituents? As long as people keep voting in Detroit, it will never have a chance. I have no doubt about that.

There really are only two solutions. Void the voting public, take it over and slice out some payouts. Or wall it off and burn it to the ground.

By wall it off and burn it down I mean to cut the city off from all state funding and let it default on its obligations. It will have to claim bankruptcy and the pensions will be gone anyway. There will be riots as employees and retirees don’t get checks (including policemen and firemen). The city will burn, people will flee, and the city can start over.


4 posted on 03/01/2013 5:35:00 PM PST by Tenacious 1 ("The British are Coming (to confiscate weapons)" - Paul Revere (We know how that ended))
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To: Tenacious 1

Fortunately there is precedence, as this is how New York was saved in the 70’s. I don’t think cities have the same constitutional protections as individuals, or else Walker could not do this.


5 posted on 03/01/2013 5:38:48 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Tenacious 1
The city will burn, people will flee, and the city can start over.

Yes, guess that would happen. But how long before the city is vacant from starvation if the funds were cut off?

6 posted on 03/01/2013 5:39:39 PM PST by Texas Fossil
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To: Tenacious 1
people will flee,

Hopefully, they'll free to S**tcago.

7 posted on 03/01/2013 5:41:55 PM PST by Darren McCarty (If most people were more than keyboard warriors, we might have won the election)
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To: Texas Fossil

Happy about an emergency manager. They need to watch out that Dearbornistan doesn’t sneak in and buy up what’s for sale to expand their hold in Michigan.


8 posted on 03/01/2013 5:45:49 PM PST by MomwithHope (Buy and read Ameritopia by Mark Levin!)
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To: Darren McCarty
Hopefully, they'll free to S**tcago.

You mean flee, I'm sure.

Two thoughts on that. They would have to travel through IN and I'm afraid of how many might get lost looking for Chicago. I would fully expect the City of Brotherly Love would not want refugees. They can't feed or protect their own voters.

(PS - I'm a Hoosier)

9 posted on 03/01/2013 5:51:57 PM PST by Tenacious 1 ("The British are Coming (to confiscate weapons)" - Paul Revere (We know how that ended))
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To: Tenacious 1
It is stupid to be paying healthy people to do nothing when there is much work to be done for the city. Anyone capable of working, must work for their benefits.

It should be this way anyway.

10 posted on 03/01/2013 5:56:34 PM PST by Conservativegreatgrandma (The perfect is the enemy of the good..............Voltaire)
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To: Texas Fossil

How much power does the “Fiscal Manager” really have? Can he remake the city into a free market bastion?


11 posted on 03/01/2013 5:57:57 PM PST by 1010RD (First, Do No Harm)
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To: 1010RD

As I recall the situation in New York, any dollars that weren’t spoken for, in terms of basic city services, had to go through his office, including city salaries.


12 posted on 03/01/2013 6:00:57 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Texas Fossil
Yes, guess that would happen. But how long before the city is vacant from starvation if the funds were cut off?

The people who get their food money from government would have to go elsewhere or starve. The people with private-sector paychecks (yes there are a few left in Detroit) would not starve. Eventually only the non-moochers would be left in the Detroit area, and recovery could begin. Detroit's demographics would change radically, but them's the breaks.

13 posted on 03/01/2013 6:10:23 PM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: 1010RD

free market bastion?

Not without evicting 75% of the residents.


14 posted on 03/01/2013 6:10:36 PM PST by Texas Fossil
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To: Tenacious 1

General William Hull had the right idea.


15 posted on 03/01/2013 7:12:39 PM PST by ASA Vet
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To: Texas Fossil

THE LAW OF EFFECT - You will generally receive more of the behavior that you reward and less of the behavior that is punished.

Behavior- Vote stupidly for people who use the public treasury to fund themselves.

Punishment or Reward? - Use money from other taxpayers to bail out the voters in Detroit. The Detroit voters will continue to vote.

Will we have more, or fewer, Detroits? They are being rewarded, so we will see more cities doing this.


16 posted on 03/01/2013 7:40:08 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Texas Fossil
Here's an idea for an ad:

1. Show pictures of Detroit in 1945 with some stats.
2. Show pictures of Hiroshima in 1945 after the bomb.
3. Show pictures of Detroit today, noting years of Democrat control.
4. Show pictures of Hiroshima today.

Democrat policies destroy cities.

17 posted on 03/02/2013 7:17:48 AM PST by Jabba the Nutt (.Are they stupid, malicious or evil?)
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To: Jonty30

It looks like MI has a new law that’s much tougher, but I can’t find the particulars. If you run into them, ping me please.


18 posted on 03/03/2013 6:06:27 AM PST by 1010RD (First, Do No Harm)
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To: Texas Fossil

Detroit has a well-functioning black market. It would be easy to make into a free market bastion by legalizing what is now illegal activity.


19 posted on 03/03/2013 6:20:24 AM PST by 1010RD (First, Do No Harm)
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