[TexasRepublic]

So, going broke is unconstitutional? A wave of the judicial magic wand, and the natural laws of economics are fixed. Wow!

Next up: gravity is unconstitutional.

[Mark]

Bulldoze the city, build windmills and solar panels and the city will be flush with gazillions of dollars. Fer sure!

[Graybeard58]

The old saying, “you can’t get blood out of a turnip”, comes to mind.

[traditional1]

The fix is in, you can bet, emanating from Holder's People in the White Hut. No WAY that Holder's People will lose their handouts, or the fat-cat Public Union Pensions and Benefits will be impacted adversely.

IF Deetroit were to go bankrupt (as they have and Legally should be), the rest of the Country's taxpayers wind up paying the tab, to keep the inner-city tribal parasites basking in their glory at Whitey's expense, as always.

[Hot Tabasco]

“The accrued financial benefits of each pension plan and retirement system of the state and its political subdivisions shall be a contractual obligation thereof which shall not be diminished or impaired thereby.”

If that is the basis for her decision then I support it 100%. I worked almost 35 years for my private sector employer with a guarantee that I would receive X dollars when I retire. I planned my retirement future on that guarantee. If my company were to file bankruptsy and try to terminate or reduce my guaranteed pension, that would financially destroy me. I would hope this judge were in my corner...........

[mongo141]

I wonder how much money it took to buy Rosemarie? or what Odickhead and the NSA have on her? And while I am at it FU NSA creeps.

[blueunicorn6]

She also ruled that the tide can’t come in.

[Cheerio]

Time for Zero to ride in with buckets full of Obama stash and follow through on his pre-election promise “We will not allow Detroit to Fail” - or did he really mean “Detroit Unions”?

[Lancey Howard]

This has the stench of careful orchestration.
It’s nothing but bukkake theater.

[Iron Munro]

Fine.

Pack up and say “So long Dee-troit.”

Get as far away as possible before the big implosion.

[exit82]

Pass the popcorn.

Butter on mine, please.

[JustTheTruth]

The REAL agenda here is to screw the general bond holders in favor of the public pensions. Something like this worked once before when Obama worked out that kind of a contorted deal at GM and Chrysler, and they'll do their damned best to get a repeat outcome for the public employee unions in Detroit.

However, in this case such a precedent in Detroit would be very damaging for the entire national municipal bond market and bond holders, so this fight can't be squelched as quickly and quietly as it was in the bankruptcy of the auto makers.

[kaehurowing]

The state judge violated the automatic stay provisions of the Bankruptcy Code by purporting to issue an order. Once the bankruptcy petition is filed, the bankruptcy court has exclusive jurisdiction unless or until the stay is lifted or the bankruptcy judge dismisses the bankruptcy petition. The state judge is actually in contempt of the bankruptcy court. Her order is a nullity.

[tacticalogic]

“The accrued financial benefits of each pension plan and retirement system of the state and its political subdivisions shall be a contractual obligation thereof which shall not be diminished or impaired thereby.”

What happens if they dis-incorporate the city? There would no longer be a "political subdivision" to apply the statue to.

[circlecity]

This is just part of the Judge’s reelection campaign. She knows she has no jurisdiction here.

[familyop]

Current government employees vs. pensioners. It’s going to happen all over the country before long. There’s no other group with enough government funding to fight over. Teachers, regulators, police and others against those who retired. The retirees will lose first, because favored constituents want to keep services going.

[tbw2]

How many other cities have filed for bankruptcy?

[Red in Blue PA]

Bankruptcy is illegal and Unconstitutional.....unless it is a citizen.

in that case, bleed em dry.

[Red in Blue PA]

The judge can find that in the Constitution but they cannot interpret “shall not be infringed”?

[sport]

Everything is Unconstitutional or Constitutional, depending on how it fits the Communists that are now in control of the United States agenda.