Detroit Goes Bankrupt

baffled · Post by **baffled** » Fri Jul 19, 2013 8:47 am

http://detroit.cbslocal.com/2013/07/18/ ... me-friday/

Apparently some city official is calling for a taxpayer bailout, too.

Comments are open.

Protobuilder · Post by **Protobuilder** » Fri Jul 19, 2013 9:21 am

Dear or alive, you're coming with me.

Kazuya Mishima · Post by **Kazuya Mishima** » Fri Jul 19, 2013 1:34 pm

This is what happens when "you know who" takes over.

j-cubed · Post by **j-cubed** » Fri Jul 19, 2013 2:02 pm

I live in Metro Detroit (no one actually lives in the city of Detroit if they can help it).

This is no surprise to anyone with half a brain. Detroit's greed and corruption is at every level, from the very top to the very bottom.

They are just the first of other big cities that will go bankrupt as legacy costs continue to drag them down.

Funny thing is 47% of the property taxes on parcels and lots in the city were unpaid. Bet that money would have helped their budget.

Detroit really is like that movie my daughter likes, Hunger Games. You have some fat cats at the top living the high life doing some crazy shit, like they even had a hip hop mayor, and the rest of the city is like the poor districts.

Grandpa's Spells · Post by **Grandpa's Spells** » Fri Jul 19, 2013 3:05 pm

j-cubed wrote:They are just the first of other big cities that will go bankrupt as legacy costs continue to drag them down.

Nah. Detroit got hit hard in a way that was pretty unique. Relying so heavily on the US auto industry, having that pulled out, and not getting anything else going there. Only Las Vegas is similarly exposed. New York, Chicago, L.A., Miami, Houston, San Francisco? Never happen. St. Louis maybe.

Andy83 · Post by **Andy83** » Fri Jul 19, 2013 3:19 pm

Kazuya Mishima wrote:This is what happens when "you know who" takes over.

The largest municipal bankruptcy in the history of mankind. Run solidly by the negro race for 4-5 decades. That's what is meant by "shit happens".

Kazuya Mishima · Post by **Kazuya Mishima** » Fri Jul 19, 2013 3:24 pm

Andy, I feel like I'm a bad influence on you. Don't be like me...release the hate.

Andy83 · Post by **Andy83** » Fri Jul 19, 2013 3:30 pm

Kaz, I'm tryin'. Tryin' real hard, me and Mr. 9 millimeter here to shepherd the weak through the valley of darkness.

Kazuya Mishima · Post by **Kazuya Mishima** » Fri Jul 19, 2013 4:06 pm

Get you a Kel-Tec PF9...field tested and proven to stop rampaging gay bashers with a pocket full of Skittles.

Andy83 · Post by **Andy83** » Fri Jul 19, 2013 4:18 pm

baffled wrote:http://detroit.cbslocal.com/2013/07/18/ ... me-friday/

Apparently some city official is calling for a taxpayer bailout, too.

Comments are open.

John Conyers has it all in place. Fed money will be pouring in there as soon as they finish stiffing all white creditors. Good opportunity for big back hoe owners to demolish the 78,000 houses so marked. They'll be replaced with fresh new modern houses free for welfare niggers to move into. Meanwhile bus service is halted. Best mode of getting around is car jacking. Detroit will shine again and the cycle will begin once again for nigger city.

Kazuya Mishima · Post by **Kazuya Mishima** » Fri Jul 19, 2013 4:25 pm

Andy, that's enough...Seahill is going to have a coronary.

Andy83 · Post by **Andy83** » Fri Jul 19, 2013 4:55 pm

Serves seenoforests right for being a white Democrat.

Shafpocalypse Now · Post by **Shafpocalypse Now** » Fri Jul 19, 2013 5:12 pm

Detroit, Pontiac, Flint, Saginaw...you can follow the ruins of the auto belt north up I-75. Don't know about Pontiac, but Flint and Saginaw's city governments are corrupt and incompetent. If you don't rip off the city you are considered an idiot.

No recovery for Flint and Saginaw, just a perpetual spiral down the shitter.

Shafpocalypse Now · Post by **Shafpocalypse Now** » Fri Jul 19, 2013 5:15 pm

One massive issue is that a lot of high level city officials have gamed the syst,e and are getting 2-3 retirement salaries, or just one massive retirement salary that is 2x what they made annually when working.

johno · Post by **johno** » Fri Jul 19, 2013 5:20 pm

A federal bailout would metastasize the cancer throughout the entire US. Big cities would realize they are Too Big to Fail.

Shafpocalypse Now · Post by **Shafpocalypse Now** » Fri Jul 19, 2013 5:29 pm

Detroit isn't getting bailed out. It's going to get fucked

Andy83 · Post by **Andy83** » Fri Jul 19, 2013 5:44 pm

Shafpocalypse Now wrote:Detroit isn't getting bailed out. It's going to get fucked

Rethink that please.

seeahill · Post by **seeahill** » Fri Jul 19, 2013 10:03 pm

Kazuya Mishima wrote:Andy, that's enough...Seahill is going to have a coronary.

Good to know folks are concerned with my health.

baffled · Post by **baffled** » Fri Jul 19, 2013 10:07 pm

Maybe not so fast. Or maybe so. Seems to be some confusion whether the judge's ruling has any weight. http://www.usatoday.com/story/news/nati ... l/2569481/

Remember, Detroit voted overwhelmingly for Obama (2% for Romney-bot, iirc?), so Barry owes it to the ruined city to bailout the city. /derp

Holy Cow · Post by **Holy Cow** » Fri Jul 19, 2013 10:15 pm

Turdacious · Post by **Turdacious** » Fri Jul 19, 2013 11:36 pm

DC had a situation nearly as bad, and came out alright.

http://en.wikipedia.org/wiki/District_o ... trol_Board

Lewin should be able to get quite a bit of federal money for the city before he retires too. If they spend it wisely, they should be alright.

This: http://www.freep.com/article/20130606/N ... nd-detroit

is a good start.

Turdacious · Post by **Turdacious** » Fri Jul 19, 2013 11:53 pm

baffled wrote:Maybe not so fast. Or maybe so. Seems to be some confusion whether the judge's ruling has any weight. http://www.usatoday.com/story/news/nati ... l/2569481/

Remember, Detroit voted overwhelmingly for Obama (2% for Romney-bot, iirc?), so Barry owes it to the ruined city to bailout the city. /derp

The Stockton case makes this even more interesting:

http://www.governing.com/blogs/view/gov ... tions.html

A move by governments to defined contribution plans would save a lot of money in the long run.

baffled · Post by **baffled** » Sat Jul 20, 2013 8:43 pm

Each of these cities should go tits up and hit the hard reset button. Fuck each of them. Fully. Fuck their unions, greedy and inept (corrupt?) politicians and fuck the people who keep voting these dorks into office.

Especially fuck Stockton for the simple reason that I live about an hour away and also kind of want to see what it's like when that city gets let loose with little to no order. Hell yes.

I wouldn't spend more than a few minutes driving through Stockton, but it can be kind of fun to watch from a distance.

Protobuilder · Post by **Protobuilder** » Sun Jul 21, 2013 1:48 am

Turdacious · Post by **Turdacious** » Wed Jul 24, 2013 2:26 am

[youtube]http://www.youtube.com/watch?v=fHKa3HfnH00[/youtube]

IGX

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