Posted on 07/18/2013 1:27:38 PM PDT by tcrlaf
DETROIT (AP) -- Detroit has become the largest city in U.S. history to file for bankruptcy.
State-appointed emergency manager Kevyn Orr on Thursday asked a federal judge permission to place the city into Chapter 9 bankruptcy protection.
(Excerpt) Read more at hosted.ap.org ...
Great Photos, but so sad to see.
Another failed experiment put forth by liberals, allow the race baiters to run a city when the fact is, until they are ready to look beyond the color of their own skin, they are not qualified to lead. Add the Unions controlled by DC, and it is a double whammy. Truth is, coming to a city near you.
The RATs along with the evil Boehner will make sure they "nationalize' the solution. You know, Detroit's too big to fail.
Once States start to fail, Boehner will be crying saying we must "save" them, especially for the children of illegal criminals.
Further proof should have dropped a democrat mayor and city council on Japan if we wanted real destruction.
LOL !
That would put them into a Windsor knot...
The First 10 City Pensions That Will Run Out Of Money http://www.businessinsider.com/first-city-pensions-insolvent-2010-12?slop=1#slideshow-start
#10 Fort Worth...Unfunded liability: $2 billion Unfunded liability per household: $7,212 Solvency horizon: 2023
#9 Detroit...(already Obamasized)
#8 Baltimore...Unfunded liability: $3.7 billion Unfunded liability per household: $15,420 Solvency horizon: 2022
#7 New York City...Unfunded liability: $122.2 billion Unfunded liability per household: $38,886 Solvency horizon: 2021
#6 Jacksonville...Unfunded liability: $4 billion Unfunded liability per household: $12,994 Solvency horizon: 2020
#5 St. Paul...Unfunded liability: $1.4 billion Unfunded liability per household: $13,686 Solvency horizon: 2020
#4 Cincinnati...Unfunded liability: $2 billion Unfunded liability per household: $15,681 Solvency horizon: 2020
#3 Boston...Unfunded liability: $7.5 billion Unfunded liability per household: $30,901 Solvency horizon: 2019
#2 Chicago...Unfunded liability: $44.8 billion Unfunded liability per household: $41,966 Solvency horizon: 2019
#1 Philadelphia..Unfunded liability: $9 billion Unfunded liability per household: $16,690 Solvency horizon: 2015
gotta wonder how many of these are “sanctuary cities” in addition to their other moronic choices. I know St.Paul is.
$20 billion? Is that all? Barry’s got that in his “walkin’ around” money. That’s about $33,000 per every loyal Obama voter in Detroit.
Morgana...re your question upthread...I believe that is the Apollo/UA theatre...see lucky9teen’s post (the one I’m responding to) for pics of what it used to look like. It was a beauty.
Lucky: Thanks for posting the pics and the crowder vid. The section where he goes into a few homes brought tears to my eyes because those homes used to be the finest of architecture and craftsmanship...my grandparents had homes like those.
Some talk about investment in Detroit, but I’ve heard that kind of talk before...and I knew people who in the mid to late ‘70’s bought and restored some of these homes...I wonder if they are glad or sorry they made such investment.
Detroit, my home town, was once a shining example of American industry. Here’s hoping someone can make something of the bankrupt ruins; otherwise, Detroit will remain the poster city of ‘Rat corruption, theft, and pillage.
It is indeed very sad.
I am going to say it.
BLACK INNER CITY DEMOCRATS BANKRUPT DETROIT.
Michigan has a lot of great microbreweries...and they have a lot of...
“Detroit won’t be the last big city to suffer the same fate, not by a long shot.”
My money would be on Baltimore, but it is close enough to DC to be able to have a life line from there.
So my money is on Philly. Lots of black democrats. Lots of union corruption. Lots of corrupt city govt.
Although Gary Indiana would not be far behind.
I don’t think CA or NY will fall.
CA has a vibrant tourism industry, Silicon Valley with Yahoo, Apple, HP, Google, Paypal, Ebay, Facebook, Stubhub, Dolby labs, Varian labs and biotech with Genetech (now a division of Roche but the company is still there), a vibrant movie industry, import export ports of Long Beach and Oakland, lots of vegetable farming in the central valley, and aerospace manufacturing.
Ny will ride the coattails of the very profitable financial industry.
CA is one of the few places that can actually afford the welfare state. Oh and CA also has conventional oil and a ton of undeveloped shale oil.
CA is replacing US citizens with illegals and its film industry is mostly in Vancouver now. It cannot sustain its present budget
It's coming.....
CA will not go BK. See post 116 for why.
The net worth of Silicon valley companies alone is probably over 1 trillion dollars. The farming is valuable, and the shale oil is very valuable.
Yes i have....and why i said let them go to fields...the problem is there are scads of buildings, warehouses and other old mansions ..along with other homes STILL standing....blocks of them. Take a look downtown as well...
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