Detroit files for bankruptcy

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Not surprising and way overdue.

This is a consequence of 50 years of one party rule...with the politicians running it into the ground while enriching themselves.

The USA, thanks to a similarly corrupt government, is following the same path to bankruptcy.
 
No surprise there. Detroit has been going downhill for a very long time due mainly to the auto industry going more and more international. Still, it's a shame to see a big American city in such a condition.
 
No surprise there. Detroit has been going downhill for a very long time due mainly to the auto industry going more and more international. Still, it's a shame to see a big American city in such a condition.


No. Its downfall was primarily due to government incompetence and corruption. The city has been a disaster for decades. During this time the auto industry had its ups and downs, as it always has.
 
In it's heydays, Detroit had a population of two million . But with all the white flight and the black middle class flight, their population has dwindled down to 700k.

Nothing ever stays the same, but yeah, most of it has to do with lousy and corrupt management.
 
I have been tell yall time to time. Its stupid voters voting for democrats. You just don't vote for your candidate because hes gonna give yall welfare food, stamps and free public housing. You listen to the issues both sides and then you decide. Theyre some voters who will vote strictly Democrat because they are Democrat or some voters who will vote strictly Republican because they are Republican that's wrong. This why my voting laws will prevent stupid people from voting. Just like if you cant pass your driving test you take the bus not drive a car. If you don't graduate from high school you cant get a good job.
 
Those who profited out of the auto industry are doing all right. Who voted for them, mugs?
 
Now there are calls for the rest of America to bail-out Detroit. I suggest that those responsible for Detroit's financial condition bail out the city, not those who ran their cities responsibly. If Detroit's to be bailed out, let the Democrat Party, the NAACP. and the big Unions do the bailing. The unions could take those millions of dollars they contribute to incompetent Democrats, and give it to their union pensioners. The rest of us should stand by, knowing we've been right all along!
 
And now the Judge says they cant do that! :)

Mich. judge calls Detroit bankruptcy unconstitutional; AG to appeal

DETROIT — It took less than 24 hours for the legal wrangling to start around the Detroit bankruptcy filing.

First a county judge ruled the filing unconstitutional under Michigan law.

Then the state's attorney general said he would appeal the ruling and asked that the judge's orders be stayed until the appeal.
Ingham County Circuit Court Judge Rosemarie Aquilina said the bankruptcy filing violated the state's constitution, which she says prohibits actions that will lessen pension benefits of public employees, including those in Detroit.
She ordered Gov. Rick Sndyer to ask Emergency Financial Manager Kevyn Orr to immediately withdraw the bankruptcy filing and that no further Chapter 9 bankruptcies be filed that threaten pension benefits of public employees.
“I have some very serious concerns because there was this rush to bankruptcy court that didn’t have to occur and shouldn’t have occurred,” Aquilina told the Detroit Free Press.
Later in the day Michigan Attorney General Bill Schuette said he will appeal Judge Aquilina’s ruling and ask for a stay so that the bankruptcy can proceed until the appeal is heard.
Aquilina has a Democratic background. Gov. Snyder is a Republican.

Earlier in the day, an adamant and focused Snyder said that he decided to authorize the largest municipal bankruptcy in U.S. history because “now is our opportunity to stop 60 years of decline” in Detroit.

http://news.yahoo.com/michigan-gov--snyder-defends-reasons-behind-detroit-bankruptcy-160222649.html
 
I am amazed that a whole town can go bankrupt, Surely the Council or government has the right to all public assets, That should be enough to pay all debts if sold Perhaps it is a devise not to pay debts but to wipe them out through bankruptcy
 
I am amazed that a whole town can go bankrupt, Surely the Council or government has the right to all public assets, That should be enough to pay all debts if sold Perhaps it is a devise not to pay debts but to wipe them out through bankruptcy

they havnt the assets to pay their debts nor can they so much as cover the debt load ergo bankruptcy.
 
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No. Its downfall was primarily due to government incompetence and corruption. The city has been a disaster for decades. During this time the auto industry had its ups and downs, as it always has.

If government incompetence and corruption were the sole cause, then the USA would have been bankrupt years ago.
 
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