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Detroit emergency manager files bankruptcy (AP Breaking)
AP ^ | 7-18-13 | AP

Posted on 07/18/2013 1:27:38 PM PDT by tcrlaf

click here to read article


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AP blames "steep population and tax base falls", without mentioning the runaway Democrat spending, and incredible Democrat corruption. Simply amazing....
1 posted on 07/18/2013 1:27:38 PM PDT by tcrlaf
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To: tcrlaf

To resurrect the old standard

Still Bush’s fault


2 posted on 07/18/2013 1:29:14 PM PDT by don-o (He will not share His glory, and He will not be mocked! Blessed be the Name of the Lord forever!)
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To: tcrlaf

Wonder what the city retirees think about their pensions NOW! Buh-bye!


3 posted on 07/18/2013 1:30:01 PM PDT by FrdmLvr (Qui pacem, praeparet bellum.)
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To: tcrlaf

Obama will deed the city to SEIU.

problem solved.


4 posted on 07/18/2013 1:31:11 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
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To: tcrlaf

Helen Keller could have seen that coming.


5 posted on 07/18/2013 1:31:53 PM PDT by Lonesome in Massachussets (Doing the same thing and expecting different results is called software engineering.)
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To: FrdmLvr

Uh, no. YOU will be paying those pensions. Guaranteed. So will I, of course.


6 posted on 07/18/2013 1:32:12 PM PDT by Doctor 2Brains
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To: tcrlaf

Our problems with Detroit are simple. Just cede the entire city to Canada.

But then our problems we will then have with Canada....

Not so simple.


7 posted on 07/18/2013 1:33:04 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Doctor 2Brains

Uh, no. YOU will be paying those pensions. Guaranteed. So will I, of course.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

But I don’t live in Detroit, or even Michigan. So I have nothing to worry about.

Right?


8 posted on 07/18/2013 1:34:23 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: tcrlaf

Oh , I thought it was because all the white folks left


9 posted on 07/18/2013 1:34:34 PM PDT by molson209
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To: tcrlaf

I read Orr’s report, and it does a good job of listing the city’s problems. However, in a bankruptcy filing, everything, and mean everything...all the shady deals, the corrupt contracts..will come out in the open..


10 posted on 07/18/2013 1:35:33 PM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: tcrlaf

Heard on Fox news radio, no mention of Democrat but they mention corruption.

This is our future if the Repubs continue to cave and become liberal light.


11 posted on 07/18/2013 1:37:05 PM PDT by RginTN
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To: tcrlaf
because all white teenage waitresses share the guilt of the white race and by extension, guilt for Trayvon's death.

Leftists are stupid ********
12 posted on 07/18/2013 1:37:09 PM PDT by Wanderer99
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To: Responsibility2nd

Could we send Chicago to Canada also? Most would pay big bucks to get rid of the Windy City. Blow them away!


13 posted on 07/18/2013 1:37:32 PM PDT by Pure Country (“I’ve noticed that every person that is for abortion has already been born.” -Ronald Reagan)
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To: tcrlaf


Detroit has hit the "We Be Broke" button, finally.
14 posted on 07/18/2013 1:38:23 PM PDT by VanDeKoik
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To: molson209
Obama: "If I had a city, it would look like Detroit!"
15 posted on 07/18/2013 1:38:24 PM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: RginTN

I can hear the Black Caucus now: “You bailed out GM and Chrysler, but you won’t bail out Detroit?”


16 posted on 07/18/2013 1:39:57 PM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: Lonesome in Massachussets

A great triumph for liberalism, running out of Other People’s Money to spend.

The Democrat inability to “make it RAIN!” in Detroit will, of course, be blamed on Global Warming and Whitey.


17 posted on 07/18/2013 1:41:23 PM PDT by tcrlaf (Well, it is what the Sheeple voted for....)
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To: tcrlaf

18 posted on 07/18/2013 1:42:25 PM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: tcrlaf

well done to years of Democrat corruption and misappropriation along with union chokeholding and all helped by a useless idiot in the WH.

Congratulations Obama on another record....biggest collapse in history of a US city.


19 posted on 07/18/2013 1:42:36 PM PDT by sunmars
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To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
The 67 Riots were the start of the big out exodus but political corruption drove business out which is what really drove people away. However hitting bottom is proving to be good for those looking to invest in rebuilding.

Image Hosted by ImageShack.us

Michigan legislative action thread
20 posted on 07/18/2013 1:43:10 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: stephenjohnbanker
Meanwhile, I saw this the other day

Detroit dire, but private groups, citizens keep the Motor City running
21 posted on 07/18/2013 1:44:15 PM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: tcrlaf

Dibs on the mayor’s car!

Comes with a driver, right? And flashing red/blue light and a si-reen?


22 posted on 07/18/2013 1:44:34 PM PDT by woofer
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To: molson209

“Oh , I thought it was because all the white folks left”

All except for Les and family at Hardcore Pawn.

Maybe they can pawn the city.


23 posted on 07/18/2013 1:44:36 PM PDT by Stormdog (A rifle transforms one from subject to Citizen)
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To: cripplecreek
Obama to Detroit: "Drop Dead!!"
24 posted on 07/18/2013 1:44:39 PM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: molson209

Yes, and they’re mad, too, that their white oppressors won’t stay there and oppress them.


25 posted on 07/18/2013 1:45:43 PM PDT by mrsmel (One Who Can See)
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To: ken5050

Wait they increased taxes in Detroit so they don’t need a bailout, right?


26 posted on 07/18/2013 1:46:45 PM PDT by RginTN
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To: Lucky9teen

Interesting. Thanks.


27 posted on 07/18/2013 1:47:54 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
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To: tcrlaf

Just a few of the majority of properties falling down and destroyed...there comes a time where you just throw in the towel and let it go to fields....


28 posted on 07/18/2013 1:48:25 PM PDT by caww
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To: tcrlaf

Agreed. It will be blamed on greedy corps and the “hidden hairy hand, working the macinations, of the white man”


29 posted on 07/18/2013 1:48:27 PM PDT by Chuzzlewit
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To: Stormdog

” “Oh , I thought it was because all the white folks left”

All except for Les and family at Hardcore Pawn.”

Even Detroit won’t take the son & daughter....


30 posted on 07/18/2013 1:49:35 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
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To: ken5050

Fortunately Michigan conservatives are capitalizing on Obama ditching Detroit.


31 posted on 07/18/2013 1:50:39 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: tcrlaf

I know how to fix this. Borrow more money.


32 posted on 07/18/2013 1:50:42 PM PDT by BinaryBoy (Socialism is built on slavery.)
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To: caww

33 posted on 07/18/2013 1:51:16 PM PDT by Paine in the Neck (Is John's moustache long enough YET?)
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To: Pure Country
That wouldn't be the same Chicago that had it's bond rating cut by three notches today, would it?

http://my.chicagotribune.com/#section/-1/article/p2p-76710645/

Having your municipal ratings cut by three levels in one fell swoop is almost unheard of and is an indication that things are circling the drain very quickly from a fiscal perspective.

To quote W, "Heck of a job there, Rahmy!"

34 posted on 07/18/2013 1:52:01 PM PDT by Freedumb
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To: Stormdog

I’m sure he could invite the entire white non-parasite population to his store, and they would all fit on any couches and chair they have on the floor.


35 posted on 07/18/2013 1:52:09 PM PDT by matt04
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To: ken5050
I can hear the Black Caucus now: “You bailed out GM and Chrysler, but you won’t bail out Detroit?”

 

I'm reminded of that Chrysler commerical boasting about their ties to Detroit.

I've never understood that. Why - in the name of God - would you want to advertise your cars are built in Detroit?

I'd sooner buy a Ford built in Mexico or even a cheap import built in China parked in my driveway than any POS from Detroit.

36 posted on 07/18/2013 1:52:14 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: tcrlaf

37 posted on 07/18/2013 1:53:05 PM PDT by sushiman ( .)
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To: Responsibility2nd
Our problems with Detroit are simple. Just cede the entire city to Canada.

I think Canada would consider that an act of war.

38 posted on 07/18/2013 1:53:20 PM PDT by dfwgator
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To: caww

what is that theatre? It looks like it was beautiful at one time.


39 posted on 07/18/2013 1:53:49 PM PDT by Morgana (Always a bit of truth in dark humor.)
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To: tcrlaf

Detroit won’t be the last big city to suffer the same fate, not by a long shot.


40 posted on 07/18/2013 1:54:27 PM PDT by dfwgator
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To: Morgana

the city of bankrupt leftism


41 posted on 07/18/2013 1:54:55 PM PDT by GeronL
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To: tcrlaf

Governor Rick Snyder Authorizes Detroit Bankruptcy Filing

http://www.youtube.com/watch?v=h0WKENzYcTU&feature=youtu.be


42 posted on 07/18/2013 1:55:18 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: BinaryBoy

I know how to fix this. Borrow more money.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Thats one way. Wanna know another way to make millions?

Take a few billion dollars. Invest in green energy. Pretty soon that billion dollar investment will be worth a million dollars.

Cool, huh? Obammie taught us that one.


43 posted on 07/18/2013 1:55:21 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: caww

Ever looked at Detriot of Google Maps? Entire blocks are already grass. The remainder mostly only have a few deli pared houses standing.


44 posted on 07/18/2013 1:55:36 PM PDT by matt04
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To: tcrlaf
"steep population and tax base falls"

And HOW did that happen?

45 posted on 07/18/2013 1:59:15 PM PDT by Darren McCarty (Abortion - legalized murder for convenience)
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To: Doctor 2Brains

Ultimately, no.
As has been pointed out since the 1970s, the wealth does not exist to pay all the pensions of all the people government was giving long term employment to.

Detroit and other big cities will crash first.

Then states like California and New York.

But it is all going to fall. Math has no mercy.


46 posted on 07/18/2013 2:01:28 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: tcrlaf
Corruption corruption corruption. I think this has something to do with the City council president running away last month.

Detroit Financial Advisory Board paychecks stolen, cashed
47 posted on 07/18/2013 2:02:05 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: tcrlaf

Unexpected.


48 posted on 07/18/2013 2:03:14 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: tcrlaf

No bailouts ... keep your hands off my wallet. Let the rot in the liberal cesspool that they created.


49 posted on 07/18/2013 2:03:22 PM PDT by ConservativeInPA (Molon Labe - shall not be questioned)
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To: cripplecreek

Comment #1 from the vid: “What’s a legacy cost?”

Probably came from the SEIU pres.


50 posted on 07/18/2013 2:03:37 PM PDT by shove_it (long ago Orwell and Rand warned us about 0bama's America)
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