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Detroit bankruptcy challenged on constitutional grounds
Reuters ^
| August 20, 2013
| By Joseph Lichterman and Bernie Woodall
Posted on 08/20/2013 3:53:49 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
Too bad the labor unions didn’t show the same concerns when Obama stole the equity from General Motors stockholders, bondholders, creditors, independant dealers, etc.
2
posted on
08/20/2013 3:56:42 AM PDT
by
Iron Munro
(To learn who rules over you, simply find out who you are not allowed to criticize - Voltaire)
To: Oldeconomybuyer
The secret of being a good mechanics is tightening bolts until they break, then backing off a quarter turn.
Unions take this literally.
To: Oldeconomybuyer
Must negotiate with creditors....hmmmm doesn’t necessarily have to include ALL creditors does it? I bet if there were a million $1 creditors, they wouldn’t, would they?
Stands to reason that if the state appointed manager negotiated with enough creditors to whom the city owes SUBSTANTIAL CURRENT REAL DEBT, versus FUTURE pension liability debt, they’d get a clearer picture of the immediate problem. A problem that likely told the manager there wasn’t even a way out of the immediate debt. Screw the UNION pension.
4
posted on
08/20/2013 4:04:23 AM PDT
by
Gaffer
To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
5
posted on
08/20/2013 4:04:28 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Oldeconomybuyer
There is still no money even if they win this challenge.
6
posted on
08/20/2013 4:05:34 AM PDT
by
umgud
(2A can't survive dem majorities)
To: umgud
They’re trying to force a bailout that not even Obama will give them.
7
posted on
08/20/2013 4:10:12 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Oldeconomybuyer
the unions are a good part of the reason for the bankruptcy
8
posted on
08/20/2013 4:11:19 AM PDT
by
yldstrk
(My heroes have always been cowboys)
To: cripplecreek
They already got their share of stimulus and that didn’t save them. We can’t set the bailout precedent.
9
posted on
08/20/2013 4:12:06 AM PDT
by
umgud
(2A can't survive dem majorities)
To: Oldeconomybuyer
10
posted on
08/20/2013 4:13:14 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Oldeconomybuyer
With the obvious exception of uniformed members of the Armed Forces,military retirees and those getting *ordinary* Social Security payments (the original kind) it's pretty obvious that most of those getting any kind of government check are part of one huge multi trillion dollar scam that was set up and is managed and supported by the Rat Party!
To: umgud
Its astounding that they fought so hard against the new bridge being built by Canada. They fought it because the city one have any control of the money which means they won’t be able to get their usual cut.
12
posted on
08/20/2013 4:20:11 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: yldstrk
13
posted on
08/20/2013 4:27:12 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Oldeconomybuyer
Been tried and already failed... deetroit is dead.
14
posted on
08/20/2013 4:31:23 AM PDT
by
LibLieSlayer
(FROM MY COLD, DEAD HANDS!)
To: Oldeconomybuyer
Lawyers....... they are money grubbing straw grabbers.
They milk the unions of irreplaceable funds while holding visions of the sugarplum past dancing before their eyes.
15
posted on
08/20/2013 4:33:22 AM PDT
by
bert
((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
To: umgud
There is still no money even if they win this challenge. Jim Manzi argues that millions of people are depending on promises that cannot possibly be kept. At the top of the list are people counting on municipal and state pensions, Social Security, and underfunded private pensions.
16
posted on
08/20/2013 4:36:49 AM PDT
by
Lonesome in Massachussets
(Doing the same thing and expecting different results is called software engineering.)
To: Oldeconomybuyer
Nothing in any constitution guards against going broke!
In unions dere is strength!
17
posted on
08/20/2013 4:38:59 AM PDT
by
relictele
(A community vigilant in enforcing economic, racial and social equality. It was called Jonestown.)
To: Lonesome in Massachussets
If not for the taxes and regulations a lot of these people could start small businesses to help themselves.
18
posted on
08/20/2013 5:15:30 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Lonesome in Massachussets
At the top of the list should be the citizens who own, pay taxes and run businesses in the city of Detroit. They are not receiving a fair share of services. Restore those services to adequate levels, all other obligations are secondary.
To: relictele
Except maybe some sort of provision to not spend any money they don’t have. Although, to be sure such text admittedly isn’t in every copy of every Constitution.
20
posted on
08/20/2013 6:12:40 AM PDT
by
coloradan
(The US has become a banana republic, except without the bananas - or the republic.)
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