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Rand Paul: Obama will bail out Detroit 'over my dead body'
breitbart.com ^ | 7 19 2013 | Matthew Boyle

Posted on 07/20/2013 1:23:26 AM PDT by BarnacleCenturion

Sen. Rand Paul (R-KY) said he will use every resource he has at his disposal to stop President Barack Obama from bailing out newly-bankrupt Detroit because he believes the city can and must save itself and learn from its fiscal mistakes. "I basically say he [Obama] is bailing them out over my dead body because we don’t have any money in Washington.”

“There’s some good things that come out of bankruptcy,” Paul said in a phone interview from Iowa. “One is you get to start over. Bankruptcy lets you be forgiven of your debt. And you do so by getting new management, better management, and by getting rid of unwieldy contracts, contracts that give you where public employees are getting paid twice what private employees are and things come back more to normal. That’s the way cities and businesses can recover.

(Excerpt) Read more at breitbart.com ...


TOPICS: Front Page News; News/Current Events; US: Kentucky; US: Michigan
KEYWORDS: bankruptcy; bestdealever; cino; demagogue; detroit; diabn; fino; johnnyonenote; kentucky; lewrockwell; lino; michigan; randpaul; randsconcerntrolls; rino
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To: catfish1957

What most people outside MI do not know is that Colman Young and his cronies helped to create a toxic relationship between Detroit and rest of the state, especially the northern suburbs of Detroit. The emergency manager was Detroit’s last chance at a bailout from the state.


21 posted on 07/20/2013 2:54:56 AM PDT by Fraxinus (My opinion, worth what you paid.)
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To: BarnacleCenturion

Rand shouldn’t be encouraging Obama.


22 posted on 07/20/2013 3:09:39 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: Fraxinus
Rand Paul should choose his words a bit carefully as many who have made odumbo look bad end up with some unexplainable demise. Be careful what you wish for Mr. Paul.
23 posted on 07/20/2013 3:13:57 AM PDT by DaveA37 (I'm for SMALLER , HONEST government)
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To: Fresh Wind

He’ll bail out after the elections, just like Obamacare.

It is an instrument of hyperinflation. Once you bail out zero productives, you have worthless paper money. THis is an outright catastrophe scenario.

Right now we are saved by banks “hoarding” cash, simply because the economy is so bad, the banks cannot invest it in anything worthy yet. But Obama wants them to release the moneys on crap... preferably if the GOP is in power for a coup, or when he is himself dictator and wants to wreck it all to gain control.


24 posted on 07/20/2013 3:27:32 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Fresh Wind

Chicago has %97 billion in debt, NY has nearly $110 billion in debt. Virtually every city in the country is buried in Debt with creditors apparently figuring that they’ll all get a bailout some day. NY got a $12 billion “loan guarantee” in 1975 and their debt has continued to grow.

I don’t want to hear about those cities have a tax base to support it because if they have $100 billion in debt, they don’t have enough taxpayers to prevent the debt from growing.

Not bailing out Detroit will have an interesting effect on creditors nationwide.

Detroit needs to be fixed right here in Michigan. Trimmed down to a manageable size and privatized.


25 posted on 07/20/2013 3:48:53 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: BarnacleCenturion

Whatever happened to “the Sequester?” I thought the US was out of cash. Apparently the cash shortage doesn’t apply to hair brained leftist schemes, travel expenses and third world bribes and friendship dues.


26 posted on 07/20/2013 3:59:21 AM PDT by Artie (We are surrounded by MORONS)
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To: catfish1957

NY got $12 billion in “loan guarantees”. They’ll tell you its different but it had the same effect of kicking the can down the road and today they have over $100 billion in debt.

Detroit is a problem that we need to deal with right here in Michigan.


27 posted on 07/20/2013 4:03:33 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Bon mots

“He is illiterate. A sexual predator that masturbates in front of women in official meetings.”

You can’t pay for entertainment like that...except in certain areas of town. My mind drifts back to an old National Lampoon issue with a story titled “Confessions of a Mop Man”


28 posted on 07/20/2013 4:05:01 AM PDT by Artie (We are surrounded by MORONS)
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To: BarnacleCenturion
Obama needs to lead here...to show us taxpayers the way...

He needs to donate his salary until he is out of office and no more vaca...for Moochelle...

Hell, that's probably a half a billion right there...

29 posted on 07/20/2013 4:12:37 AM PDT by Popman
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To: BarnacleCenturion

The states need to regain control and dictate to the feds. I can dream cant I?


30 posted on 07/20/2013 4:49:51 AM PDT by ronnie raygun (Yesterdays conspiracies are todays truths)
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To: Fresh Wind

> If Detroilet gets a bailout, just watch all the other liberal hellholes line up to get theirs too. Bad, bad precedent.

Suddenly all the liberal hellholes will be lined up with their hands out. I bet half the cities in Kalifornia, Louisiana, and Mississippi would be among them


31 posted on 07/20/2013 4:59:21 AM PDT by jsanders2001
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To: BarnacleCenturion

He’ll bail them out and every R will sign the approval. It’s about time the Rs admitted we have a one party system.


32 posted on 07/20/2013 6:15:42 AM PDT by bgill (This reply was mined before it was posted.)
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To: GeronL

Obama will bailout Detroit and the GOPe will not put up a real fight except for the cameras

**
Precisely.


33 posted on 07/20/2013 6:32:03 AM PDT by Bigg Red (Restore us, O God of hosts; let your face shine, that we may be saved! -Ps80)
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To: nathanbedford

I admire the way Rand gets right in Obama’s face most of the time on these issues - its the only way to deal with him...

***
Talk is cheap.


34 posted on 07/20/2013 6:32:46 AM PDT by Bigg Red (Restore us, O God of hosts; let your face shine, that we may be saved! -Ps80)
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To: BarnacleCenturion
Rand Paul: Obama will bail out Detroit 'over my dead body'

Please don't give the chi-town street punk, or the klintons any ideas!

35 posted on 07/20/2013 6:34:22 AM PDT by The Sons of Liberty (A Quiet Rage is Building All Across America!)
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To: pepsionice

I don’t think there’s any political clout to gain, by bailing Detroit out.

***
Not if you look at the big picture:

1) It pleases the gibsmedats when the Obamessiah dips into our wallets.

2) The most important point: It hastens the financial collapse that Soros is steering us toward.


36 posted on 07/20/2013 6:35:59 AM PDT by Bigg Red (Restore us, O God of hosts; let your face shine, that we may be saved! -Ps80)
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To: Bigg Red
Agreed but he did burn up a lot of talk in his filibuster against Obama's drone campaigning, and to good effect.


37 posted on 07/20/2013 6:36:26 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: nathanbedford

Blind squirrel and all that.


38 posted on 07/20/2013 6:41:52 AM PDT by Bigg Red (Restore us, O God of hosts; let your face shine, that we may be saved! -Ps80)
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To: Bigg Red
I think it's pretty clear he is positioning himself for 2016. He is looking for scuffles to get into with Obama and is looking for positions to stake out.

Interestingly, he is taking on the neocons straight out with his attack on Lynn Cheney and her father. He has already taken on the party establishment.

We shall see.


39 posted on 07/20/2013 7:05:36 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: pepsionice
I don’t think there’s any political clout to gain, by bailing Detroit out.

3/4 of "The Tribe" is only on board the Democrat train because they've been promised something. Let Detroit fail and many loyal thugs lose their promised stipends for past loyalty. He sets a bad precedent.

He'll do it - even if he has to sell three aircraft carriers to China to raise the money.

40 posted on 07/20/2013 7:13:22 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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