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Ruling Makes Detroit Biggest City to Qualify for Bankruptcy
New York Times ^ | December 3, 2013 | By Bill Vlasic and Monica Davey

Posted on 12/03/2013 3:41:13 PM PST by Brad from Tennessee

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The only hope to resurrect Detroit will have to come from private investors with carte blanc powers.
1 posted on 12/03/2013 3:41:13 PM PST by Brad from Tennessee
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To: Brad from Tennessee

Good news the Union Goons lose!


2 posted on 12/03/2013 3:44:41 PM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: Brad from Tennessee

Ford should just buy the place for pennies on the dollar, and kick everyone out.


3 posted on 12/03/2013 3:44:59 PM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month.)
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To: Brad from Tennessee

And forbidding black democrats from ever holding any public office in the city for the next 75 years. They have proven themselves incapable of self governance.


4 posted on 12/03/2013 3:45:56 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Brad from Tennessee

Sell it all to Matty Moroun.
He already owns most of it anyway.


5 posted on 12/03/2013 3:46:26 PM PST by Kriggerel ("All great truths are hard and bitter, but lies... are sweeter than wild honey" (Ragnar Redbeard))
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To: Brad from Tennessee

Let’s turn the city over to the cockroaches, they’ll do a better job running it than any human has for the past 50 years.


6 posted on 12/03/2013 3:47:26 PM PST by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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To: Brad from Tennessee

This is good news for Michigan, although I am usually against bankruptcy. In this case, however, the unions have a stranglehold on the city of Detroit and they are in conflict with its non-state and city employed residents.


7 posted on 12/03/2013 3:48:52 PM PST by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Brad from Tennessee

“... to provide the quality of city services the people of Detroit deserve.”

LOL I’d think that was the LAST thing they’d want!


8 posted on 12/03/2013 3:49:07 PM PST by NonValueAdded (It's not the penalty, it's the lack of coverage on 1 Jan. Think about it.)
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To: Brad from Tennessee

Conservatism and free marketeering can save Detroit and America. Michelle Malkin was saying earlier today that the message of conservatism needs to be taken to Detroit.

As far as being the biggest city to go bankrupt, I doubt that record will stand for long.


9 posted on 12/03/2013 3:53:37 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Brad from Tennessee
...while also finding that the public pensions could be reduced during reorganization despite a provision in Michigan’s Constitution.

IIRC, Michigan's Constitutional provision never did apply to this situation nor was it intended to. If that is the case, the New York Slimes is up to its same old liberal lying tricks.

Would be interested to read some knowledgeable comments on the state constitutional aspect.

10 posted on 12/03/2013 4:03:09 PM PST by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: Kriggerel

Matty Maroun seems to have spent his entire life trying to destroy both Detroit and Windsor. People don’t realize how much of the decay in Detroit has Maroun’s name on the deed and he’s one of the wealthiest men in America. The train station is just one example.

He’s being sued in Windsor over some 300 properties he owns and has left to rot.


11 posted on 12/03/2013 4:07:08 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: ROCKLOBSTER

Just put Detroit on Ebay.


12 posted on 12/03/2013 4:14:04 PM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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To: Brad from Tennessee

“The only hope to resurrect Detroit will have to come from private investors with carte blanc powers. “

It does not matter what the courts or the city does. Detroit is doomed. The reason to have cities is that there were lots of employers. What employer will move there? Why would they move there? What would they produce? What is their incentive to move there?

Cities are no longer needed. They are a relic of the past. Liberals try to force us to move into them by making fuel costs high and limiting how much we can drive. But no matter what they do there is no reason for us to move back to the cities with their attendant problems like drugs, bad schools and high crime.


13 posted on 12/03/2013 4:15:13 PM PST by Gen.Blather
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To: Jack Hydrazine

Name your initial bidding price for Detroit.


14 posted on 12/03/2013 4:34:10 PM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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To: Brad from Tennessee

seriously, take all the illegal aliens they want to give amnesty to, and make them move to Detroit in order to get amnesty. Or give it to the Canadians.

The laugh of the article was this: “They’ll lose their health insurance” ...... which I found quite ironic because they can have Obamacare.


15 posted on 12/03/2013 4:35:49 PM PST by Usagi_yo
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To: Brad from Tennessee

Ain’t gonna do a thing for them.

That joint is cooked...who’s going to be building up new businesses there?

CommieCare Navigators?


16 posted on 12/03/2013 4:42:32 PM PST by Regulator
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To: Jack Hydrazine

One Nigerian penny.
One post WWI German penny equivalent...


17 posted on 12/03/2013 4:44:25 PM PST by Darksheare (Try my coffee, first one's free..... Even robots will kill for it!)
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To: Lurker

oh, that is so racist.... I mean true....


18 posted on 12/03/2013 4:48:48 PM PST by AlmaKing
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To: Red_Devil 232

Every government sub division including public schools need to take note. Wages, pensions, and other benefits are grossly overpaid to government employees. These people should receive pay and benefits at an equivalent level to private industry workers. I find it disgusting to see regular citizens including young people just starting out who scrimp just to pay taxes and otherwise get by, while their elite government employee brethren live an elite life of job security and priviledge. We can start by shifting government employees over to Obamacare with a meaningful contribution paid by the government employees themselves. Follow that with the elimination of government unions. Follow that with privatization of most government functions.


19 posted on 12/03/2013 4:56:19 PM PST by Sam Clements
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To: cripplecreek

“As far as being the biggest city to go bankrupt, I doubt that record will stand for long.”

Yeah, can you say Los Angeles!


20 posted on 12/03/2013 4:59:04 PM PST by vette6387
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