This is an easy fix, have an emergency vote and change the constitution. You ask the taxpayers in the rest of the state if they want to increase their taxes to pay for Detroit’s pensioners to change to constitution to reduce pensions no lower then what social security would pay.
That is a rather complex solution
The easy fix is to have the President issue an executive order allowing the pension insurance board to take over responsibility and pay the retirees.
The retired are taken care of. Those on the payroll lose out.
The president is a hero
That is what will happen
posted on 07/28/2013 6:07:05 AM PDT
((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
RE: This is an easy fix, have an emergency vote and change the constitution.
Mark my words... they will ask Obama to rescue them (just like he did GM).
In the end, the rest of us pay for this.
Obama OWES the unions and he’s going to find ways to deliver.
The only problem with doing that is this sets a very bad precedent. What’s to stop the next bankrupt big city from doing the same?
And if they litigate all the way to the Supreme Courts, what’s to stop the left wing of the court from invoking “equal protection” (i.e., you protect Detroit, you’ll have to protect say, Philadelphia)?
The Michigan State Constitution seems to guarentee these pensioners their pensions. There has yet to be any damage to them by this B/K. There will be and when there is the the pensioners should go after the state to get their money. The state of Michigan and it's taxpayers may well be on the hook for this.
This is an easy fix, have an emergency vote and change the constitution. You ask the taxpayers in the rest of the state if they want to increase their taxes to pay for Detroits pensioners to change to constitution to reduce pensions no lower then what social security would pay.
I'd rather have this as an amendment:
Fiscal Responsibility Amendment
The power of Congress to regulate the value of the dollar is hereby repealed.
The value of the Dollar shall be one fifteen-hundredth avoirdupois ounce of gold of which impurities do not exceed one part per thousand.
To guard against Congress using its authority over weights and measures to bypass Section I, the ounce in Section II is approximately 28.3495 grams (SI).
The Secretary of the Treasury shall annually report the gold physically in its possession; this report shall be publicly available.
The power of the Congress to assume debt is hereby restricted: the congress shall assume no debt that shall cause the total obligations of the United States to exceed one hundred ten percent of the amount last reported by the Secretary of the Treasury.
Any government agent, officer, judge, justice, employee, representative, or congressman causing gold to be confiscated from a private citizen shall be tried for theft and upon convection shall:
a. be removed from office (and fired, if an employee),
b. forfeit all pension and retirement benefits,
c. pay all legal costs, and
d. restore to the bereaved twice the amount in controversy
The federal government shall assume no obligation lacking funding, neither shall it lay such obligation on any of the several States, any subdivision thereof, or any place under the jurisdiction of the United States. All unfunded liabilities heretofore assumed by the United States are void.
The federal government shall make all payments to its employees or the several states in physical gold. Misappropriation, malfeasance and/or misfeasance of these funds shall be considered confiscation.
posted on 07/28/2013 11:41:55 AM PDT
(Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson