Congrats To Detroit...Liberal D-Bags
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Congrats To Detroit...Liberal D-Bags

  1. #1
    RPB
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    Default Congrats To Detroit...Liberal D-Bags

    Detroit files for Chapter 9 bankruptcy amid staggering debts

    The City of Detroit filed this afternoon for Chapter 9 bankruptcy protection in federal court, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.
    The filing begins a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer. The bankruptcy petition would seek protection from creditors and unions who are renegotiating $18.5 billion in debt and other liabilities.

    Link: Detroit files for Chapter 9 bankruptcy amid staggering debts | Detroit Free Press | freep.com

    HAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
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    Last edited by RPB; 07-18-2013 at 02:55 PM.
    51% of Democrats dont know the earth revolves around the sun and 49% think that Astrology is scientific. (National Science Foundation and National Opinion Research Center (NORC) at the University of Chicago 2014).


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  3. #2
    Red Blooded American The Doctor's Avatar
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    Detroit is a model city for gun control!!!
    The best things in life aren't things!

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    SR
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    Will the DOJ try to prosecute all who participated in "white flight" as civil rights violations...There is no way in hell the left will accept responsibility for the fall of Detroit..

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    Colts fan & Stoker owner RitcheyRch's Avatar
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    What city will be next?
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    gn7
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    I can't believe they hung in this long. I have no doubt that they will be granted chapter 9 status and protection from the unions. It was a slam dunk for Stockton, and it will be for every other city that falls into this same situation.

    My guess is Oakland is prime. Its buried in debt. Mostly from debt trying to cover pensions. Under normal conditions, I would have "some" apathy for retirees, but seriously, when you are beating a downed person with total disregard whether they die or not, you pretty much deserve to have someone hit you over the head with a 20lb sledge. They don't give a rat fuck about anybody that has to live in that city, the majority of them either never did live there, or left long ago, but they want they ill gotten entitlement, and they don't give a shit who has to suffer for it.

    In the next 8-10 years and on ward, there will be a continuous line of cities filing. Some smaller cities that can't pass tax increases, or float bonds or borrow, and have no choice. Some larger ones because the politicians were crooks and promised the moon to city employees and passed the buck to the next mayor and city council. Not much different than some states and the fed. gov.



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    Unions have ruined Detroit and now LOL the Unions are freaking about Obama care. LOL Maybe should have read the POS in the first place. Live with it dip shits.The Union Leaders have lead this disaster and the poor members are going to suffer.The Union leaders live the "High Life" while the grunts fight the battle.Jimmy Hoffa and his Union has sent a letter and freaked out on this. Suck It Up.

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    Red Blooded American The Doctor's Avatar
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    The best things in life aren't things!

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    RPB
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    Default Before my Time but cool

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    New York City didn't actually declare bankruptcy in the 1970s, but it came close. When the city appealed to Washington in 1975 for a bailout, President Ford balked, prompting this famous New York Daily News headline.
    51% of Democrats dont know the earth revolves around the sun and 49% think that Astrology is scientific. (National Science Foundation and National Opinion Research Center (NORC) at the University of Chicago 2014).


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    51% of Democrats dont know the earth revolves around the sun and 49% think that Astrology is scientific. (National Science Foundation and National Opinion Research Center (NORC) at the University of Chicago 2014).


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    51% of Democrats dont know the earth revolves around the sun and 49% think that Astrology is scientific. (National Science Foundation and National Opinion Research Center (NORC) at the University of Chicago 2014).


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  12. #11
    gn7
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    Quote Originally Posted by RPB View Post
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    Oh shit I just blew diet pepsi thru nose and burns like hell. That's some funny shit.


    However, this isn't. They can deny it all they like, but the dimbulbs own this one.
    No blaming Bush for this.






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  13. #12
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    Check out the extensive comments thread for an INSIGHT into the warped liberal mind and the PIE IN THE SKY thinking that has landed so many METRO areas in the same shape of Detroit...

    They want to argue semantics and skirt the core issue which is the ENTITLED mentality that runs rampant in the city GUBMENTS as well as state and federal GUBMENTS...

    NO responsibility is placed on the THUGS/PERPS/POLITICIANS/HIGH ROLLERS, its always SOMEONE elses fault that the city is in the shape it is in... Usually George W. Bush and Cheney's fault...

    Pat Eason, the voice of reason...

  14. #13
    RPB
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    Default It gets funnier....

    Seems to be a trend with Socialist thinking that individuals, businesses, and cities cant defend themselves from physical or financial harm.

    A Michigan judge declared that Detroit’s Chapter 9 bankruptcy filing violated the state’s constitution and ordered Governor Rick Snyder to withdraw it.
    Circuit Court Judge Rosemarie E. Aquilina in Lansing today criticized Snyder, a Republican, for rushing the filing into court yesterday before she could rule on a bid by city workers and their pension funds to consider an emergency request to block the filing.

    Orr Says Lawsuits Made Him Seek Detroit Bankruptcy Protect







    “I’m finding the actions that were taken in filing bankruptcy as overreaching and unconstitutional,” she said. She ordered the governor to direct Detroit emergency manager Kevyn Orr to immediately withdraw the bankruptcy petition. She also said he cannot authorize further filings that would impair or diminish public pension benefits. Attorney General Bill Schuette applied for permission to appeal the decisions. He also filed a motion to suspend Aquilina’s rulings pending appeal, Joy Yearout, a spokeswoman for the attorney general, said in an e-mailed statement.

    Kenneth Klee, the bankruptcy lawyer who spearheaded the bankruptcy restructuring of Jefferson County, Alabama, said a state judge can’t force Detroit out of federal bankruptcy, even if Snyder agrees to try to withdraw the petition. Once Detroit city filed the bankruptcy petition, it came under federal jurisdiction and the case cannot be withdrawn, even by Snyder, said Klee.

    full link: Michigan Judge Says Detroit Bankruptcy Should Be Dropped - Bloomberg

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    Last edited by RPB; 07-19-2013 at 02:00 PM.
    51% of Democrats dont know the earth revolves around the sun and 49% think that Astrology is scientific. (National Science Foundation and National Opinion Research Center (NORC) at the University of Chicago 2014).


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  15. #14
    gn7
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    Now we have liberal state judges taking it upon themselves to decide what is and is not legal in federal courts?
    She should be disbarred on the grounds of stupidity



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