Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama allocates $52 million to Detroit for urban blight removal as pension funds protest bankruptcy
Hotair ^ | 08/21/2013 | Erika Johnsen

Posted on 08/21/2013 8:36:52 AM PDT by SeekAndFind

Edited on 08/21/2013 9:20:42 AM PDT by Admin Moderator. [history]

Of course, the subjects of Detroit’s many unfunded obligations and liabilities were never going to take the bankruptcy lying down — why would they? The city’s lines of red ink are going to mean a lot of real material pain for a heck of a lot of people who built their life plans around these promises, but thwarting the city’s bankruptcy isn’t going to change the fact that decades of these extravagant and unsustainable promises (the consequences of which they’ve probably underestimated!) have left the city with few workable and zero pain-free options. Let other progressive havens take note.


(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; US: Michigan
KEYWORDS: democrats; detroit; obama; pensions

1 posted on 08/21/2013 8:36:52 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

Yeah, that’ll help.


2 posted on 08/21/2013 8:38:00 AM PDT by albie (re)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Just making room for new and improved blight!


3 posted on 08/21/2013 8:39:08 AM PDT by albie (re)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind; cripplecreek

Few blighted buildings will be razed...municipal pension liabilities will be funded.

It’s the Chicago way.


4 posted on 08/21/2013 8:40:29 AM PDT by Cletus.D.Yokel (Catastrophic Anthropogenic Climate Alterations - The acronym explains the science.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
Probably not pension funds but to union bosses and city officials. Personally I'd let the scrappers have a first shot at the abandoned buildings first. A who salvager lives near me just drools over the old red brick but said the city wants him to take responsibility for those properties (pay taxes) to clean them up.

Image Hosted by ImageShack.us

Michigan legislative action thread
5 posted on 08/21/2013 8:46:30 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind

“The letters say that they depend on the pensions promised to them, that they turned down higher-paying job offers in the past because of the benefits, and that they rely on the pensions to meet their obligations.”
Having worked with a peu for years and knowing what I know about most gov’t workers, I have to laugh at the “turning down higher-paying jobs” bit. Janitors and cafeteria workers with no other skills making more wages and benefits than some college educated private workers.


6 posted on 08/21/2013 8:46:47 AM PDT by Rusty0604
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cletus.D.Yokel

$5000 tax on demolition permits, with the proceeds going to the pension fund...


7 posted on 08/21/2013 8:57:56 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind

Union jobs...


8 posted on 08/21/2013 8:59:56 AM PDT by isthisnickcool (NO MORE IRS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: cripplecreek

Probably not much copper left in those buildings
anyway, all stripped already.


9 posted on 08/21/2013 9:04:51 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: tet68

The guy running a salvage business near me says the old brick is worth a mint if you can get it in bulk and sell it for paving sidewalks and patios. Copper roofs perched on top of those teetering piles of brick is also worth a mint.


10 posted on 08/21/2013 9:08:34 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: SeekAndFind

This *is* what Detroit needs to do, although the money probably won’t end up where it is supposed to....this is Detroit :(


11 posted on 08/21/2013 9:11:12 AM PDT by fuzzylogic (welfare state = sharing consequences of poor moral choices among everybody)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Well, it’s certainly hard to argue with the notion that bulldozing Detroit isn’t a good thing.


12 posted on 08/21/2013 9:12:22 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: catnipman

I was gonna say that $52M can provide a lot of D9 Cats.


13 posted on 08/21/2013 9:40:57 AM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

Just more 0-stash going to the cronies.


14 posted on 08/21/2013 9:43:49 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs stay silent.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind; cripplecreek
When Coleman Young became the first black mayor of Detroit, he instituted a policy that no white person could open a business within the Detroit city limits. Guess what? Whites took their businesses elsewhere, mostly surrounding the Detroit suburbs. Hence, the fix was in and the blight began.

He served as mayor for five terms. So, five terms of no new businesses also meant at least 5 to 50 people were not hired per business.

It is high time we blame who was really responsible for the beginning of the decay.

15 posted on 08/21/2013 10:45:17 AM PDT by Slyfox (Without the Right to Life, all other rights are meaningless.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

FRper’s are you reading and understanding this? Zero is giving these folks MMs of our dollars! WTH is wrong with you, you’re making really lame comments regarding this. Has FR caved? WTF???


16 posted on 08/21/2013 11:50:46 AM PDT by rhubarbk (It's official, I'm suffering from Obama fatigue!)
[ Post Reply | Private Reply | To 1 | View Replies]


DEFEAT TYRANNY!
START HERE.
Please Contribute Today!

17 posted on 08/21/2013 12:23:12 PM PDT by RedMDer (http://www.dontfundobamacare.com/)
[ Post Reply | Private Reply | View Replies]

To: rhubarbk

You might want to look around. Hundreds of cities and towns routinely get millions and do every year and have for decades.

In fact it might even be a good thing in this case. Virtually the entire Delray neighborhood needs to be demolished to make way for the new bridge anyway. Its one of the worst areas of the city.


18 posted on 08/21/2013 12:41:43 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: SeekAndFind

Just a “taste” for the boyz in the hood. Y’all stand by for more under the table gravy. Patience boyz, all he has left is 3 MORE YEARS!!!!! Back off NSA, you’re just jealous!!!


19 posted on 08/21/2013 12:52:26 PM PDT by poobear (Socialism in the minds of the elites, is a con-game for the serfs, nothing more.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cletus.D.Yokel

Looks like Kevyn Orr will have control of the money.

http://www.detroitnews.com/article/20130813/METRO01/308130020


20 posted on 08/21/2013 1:21:48 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind
Looks like there will be outside oversight of the money this time.

The city receives about $290 million annually in 71 different grants — from community development block grants to Justice Department funding for police. Nowling noted the city at various times has misspent grant funding or been out of compliance with grant requirements. The group also would help ensure the city is in compliance with all grant requirements.

Orr to name group to oversee grants as Detroit gears up for more fed funds

Apparently its grant season. I see Lansing is getting some $3 million for "revitalization". I suspect that a little research would show several hundred million going out to cities all across the country.
21 posted on 08/21/2013 1:30:39 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: albie

Sheila Jackson Acornhead Lee should be demanding obama give some money to her district to get rid of urban blight.


22 posted on 08/21/2013 3:17:14 PM PDT by VerySadAmerican (When you vote for evil because you can't see evil, you ARE evil.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind
He gave way more money to the Muslim Brotherhood.

In either case, its money down the drain.

23 posted on 08/21/2013 4:26:59 PM PDT by lowbridge
[ Post Reply | Private Reply | To 1 | View Replies]

To: rhubarbk

Well at least none of them posted a stupid cat image.


24 posted on 08/22/2013 4:34:58 AM PDT by wrencher
[ Post Reply | Private Reply | To 16 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson