Detroit files largest municipal bankruptcy case in U.S. history

Detroit News ^ | July 18,2013 | •Robert Snell, Daniel Howes, Chad Livengood

[Hojczyk]

DETROIT GOES BROKE

http://www.detroitnews.com/article/20130718/METRO01/307180103/Detroit-files-Chapter-9-bankruptcy?odyssey=mod|breaking|text|FRONTPAGE

[heshtesh]

Stupid is as stupid does,belieive it was last year Harrisburg city council and event organizers tried to inject so much stupidity into thier annual gun show that it was eventually cancelled. That gun show was by far the best i’d ever seen,they had to lose millons on that screwup,once again liberalism leaves it’s ugly stain.

[Gabrial]

To put things in perspective, if this were Detriot’s debt ($20 Billion)...

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This is the US FedGov Debt ($16 Trillion)...

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And that is only current debt, not long term liabilities.

In other words, FedGov is 8,000 times worse off than Detroit.

The total of all currency in circulation in the world today is not enough to pay off the US debt.

[SevenofNine]

Hey we really don’t want Raiders back OKAY ROFL

If I want team I want somebody to win ROFL

[heshtesh]

Exactly why i’ve removed myself for the most part from the “GRID”!

[Gabrial]

Perhaps they should change the name from...

The City of Detroit

to...

The City of Detritus

(detritus - noun - waste that remains after something has been destroyed, used, or finished)

[Kenton]

He wanted Harrisburg to be known as “the gateway to the West”.

He should have done a little research, I think St. Louis pretty much has already laid claim to the title the “the gateway to the West”. That's what that big arch on the waterfront represents.

[Slyfox]

It all began after the race riots in the late 60s. From that point on all the vital people left the city and either moved out of state or to the suburbs outside of Detroit. That left the city center without enough real taxpayers to sustain all the infrastructure.

It is really hard to sustain a system when the majority of people are sucking the teat dry.

Now, Dee-Troit has no more suckers to bleed dry and the leeches are expecting the feds to cough up enough money to cover their pensions.

Geez Louise.

[SC_Pete]

or San Bernardino.

[maddog55]

[Recompennation]

Deetroit 1/2 it’s former population, 82% poverty, unions, bailouts, councilwomen calling for the bacon, Kwame Kilpatric.
“People people”