Posted on 07/19/2013 7:44:27 AM PDT by SeekAndFind
They said it is because the teachers' union refuses to discuss $2 billion excess in pensions the city just cannot pay. The union is predictably going to war for money that just isn't there.
Detroit by water. Charlie LeDuff Canoes the Rouge River http://www.youtube.com/watch?v=cUO0VpJ3Pg4
Over 2 to 1 retirees to workers. What a disaster!
Chicago just had it’s bond rating cut three notches:
http://my.chicagotribune.com/#section/-1/article/p2p-76710645/
how long before The Won and his Chicago crew raid our 401ks?
Some things are so well-known that they don’t to be re-stated.
FR 2002, “Detroit: Coleman Young’s Triumph Of Self-Destruction” http://www.freerepublic.com/focus/news/662155/posts
“Philadelphia, 5th Largest City in US is Effectively Bankrupt; Mayor Holds Closed Meeting With Wall Street to Discuss Asset Sales”
And to think we sat around when the USSR went under and watched the Russian “pensioners” scrounge for sustenance on the streets of Moscow! We are not far behind that kind of problem, and yet we hear from one of the Detroit City Council members (Diane Watson) that they expect Obama to “bring them the bacon” because they helped elect him. It’s a really good thing that Orr filed, because it’s the only place to start to clean up the financial mess that is Detroit.
Damn, 6th?! At least the mayor is talking ‘reform’ (and he’s a DEM). I think the last few RINOs really torqued this city. At least if the unions went under, I don’t think many would even notice (outside of some areas)
Why does the author write that while the rest of the article is pretty much a self-contradictory exercise in proving that, yes, it's the unions' fault? Send the guy to a remedial Logic 101 class.
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