"The goal of a managed bankruptcy is to streamline the protracted process by minimizing the chaos, uncertainty, delay and steep costs associated with Chapter 9. It would be the largest municipal bankruptcy in the nation's history, an unambiguous symbol of the city's epic failure and a chance for a fresh start."
The opinion column is getting national attention.
The Drudge Report is leading with the story today, the second time this week the leading conservative website has placed the Motor City in its highly read top spot.
Also I find the timing of right to work possibly rapped up before Detroit goes in and potentially emerges from Chapter 9. In that RTW Enviroment and a new Balance Sheet for Detroit, they will no longer be beholden to disolved "Contracts" and free to pursue free-market vendors internally for city functions as well...
Detroit is merely the tip of tip of the bankruptcy spear. Watch for concentrated Democrat parasite nests (”cities”) from coast to coast follow suit, one by one. It will get even more interesting when the state of California enters the “managed bankruptcy” stage.
If the GOP fails to maintain a majority (”firewall”) in the House against more rat “stimulus” packages and other municipal union welfare binges, working, taxpaying, traditional American families (”Republicans”) will get to watch half of what remains of their paychecks go to bail out the corrupt Democrat scum.
I see Obama doing something very corrupt here.
They are parasites who want something for nothing. The Detroit City Council recently demanded Obama “bring home the bacon”. That means take money from honest taxpayers and give it to the thieves and parasites of Detroit.
Like all liberals and socialists they have “run out of other peoples money”. The only practical solution is to cut of all government handouts and get the current parasites to leave. Then bring in honest people, throw out the current politicians and start over from scratch.
Obama visiting Metro Detroit auto plant on Monday
updated December 07, 2012
DETROIT, MI - President Barack Obama’s first trip to Metro Detroit since being re-elected will take place at an auto plant in Redford Township.
Obama will visit the Daimler Diesel Plant “for an event on the economy,” according to a White House statement. Further details on the visit have yet to be released.
Michael Moore calling for revolt against republican serial killers.
Interesting simultaneous events. A socialist union-infested city crashes and burns, having to submit to an external manager. At the very same time, the state presents the solution, a right-to-work emancipation.
This will be fun to watch. And instructive.
And the leftist media will in general ignore this story.
Unable? They don't want to. They still waiting for their Obama money, from his stash. They want Obama to pay for their electricity and their gas bill....