Skip to comments.Rand Paul: Obama will bail out Detroit 'over my dead body'
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 dont have any money in Washington.
Theres 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. Thats the way cities and businesses can recover.
(Excerpt) Read more at breitbart.com ...
If Detroilet gets a bailout, just watch all the other liberal hellholes line up to get theirs too. Bad, bad precedent.
Obama will bailout Detroit and the GOPe will not put up a real fight except for the cameras
That is exactly what is gonna happen
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...
Only this time around it would be "city/state bailouts."
A VERY BAD idea.
I don’t think there’s any political clout to gain, by bailing Detroit out. It’s a dedicated Democratic city....it’s better to use resources on cities on the edge between the Democrats and Republicans.
money is no object - these are the days of milk and honey for the fedgov. Just print up a few trillion bucks to INVEST in failed third world cities and watch Dem turnout surpass 110% in 2014/6
the yakkin is fine - what is needed is action from the comfy chair caucus!
He is illiterate. A sexual predator that masturbates in front of women in official meetings.
The school board had to pay $650,000.00 to the lady who witnessed that.
Yet, he kept his job... eventually, under pressure, he resigned - but then tried to withdraw his resignation saying it was all a big 'misunderstanding'.
Now he heads something called "Citizens with challenges". You see, he is not stupid, he just faces challenges - like not being able to read and write, not being able to keep his privates zipped in his pants...
and the tiara lady?
For Democrats that kind of behavior is a resume enhancer.
This essentially amounts to republicans being mugged by Obama.
OPM - milk and honey
Afraid the precedent has already been set. Problem is that money should be used to doze the dump, instead of a recovery try.
just to keep the poop floating a little longer
. Zero does not care about political clout. He is an ideologue first and a pol second. IMO he will without a doubt try to bail out Detroit simply because it increases the power of the Federal state.
Hmmm, so we’ve got the convicted liar, the spitter, and Calypso Louis along with Miss Crissy and the Woman on Piers 69 agitating for race riots in the wake of the St. Traydmark verdict. If they can’t get the job done, or if Obergruppen Fuehrer Holder decides there isn’t a way to justify the crucifiction of George Zimmerman, there is always a parallel or fall back position. Start bailing out africanhyphenamerican mini Zinmbabwes and really anger the few remaining taxpayers so the s#it hits the fan.
Vanilla Boy Rick Gran...er, uh, Snyder may try to get out Michigan taxpayer’s wallets to try to stanch the flow, but that probably won’t be enough to please his master Maobama. But Vanilla Boy’s NOT TEA Party sycophants can take comfort in knowing the fix was mostly in.
Actually that went the other way President Ford told NYC to take a hike. A special board was put together to oversee NYCs finances and they worked their way out of trouble. This happened in Wash DC with the Control Board. Both cities avoided bankruptcy. Predictably the screeches of racism were everywhere. This tells you how far gone Detroit really is
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.
Rand shouldn’t be encouraging Obama.
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.
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.
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.
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.
“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”
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...
The states need to regain control and dictate to the feds. I can dream cant I?
> 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
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.
Obama will bailout Detroit and the GOPe will not put up a real fight except for the cameras
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.
Please don't give the chi-town street punk, or the klintons any ideas!
I dont think theres 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.
Blind squirrel and all that.
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.
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.
I had to google Otis Mathis to see if you were making stuff up. OMG you weren’t!
Well, I would be a lot more interested in him if it were not for his pro-illegals shenanigans.
His truth will be heard or he will lose Michigan.
My guess would be that democratic Michigan will spurn Rand Paul.
At the same time, I think the entire idea of bankruptcy is both realistic and terribly unfair. Realistic in that someone who’s broke is broke. You can’t get blood from a turnip.
On the other hand, contracts with vendors, businesses, individuals, and even employees are still contracts, and it’s the contract hold who pays the price and not those who entered into them in bad faith...my sense is that Detroit knew it was acting stupidly. I’d feel better if they jailed all the leaders of Detroit from the last 2 decades.
Good effort but I think “De toilet” might be better. Or maybe “De troilet”
It is certainly funnier when you pronounce it with a bad french accent. Try it at home and see if you like it better.
I would think the untimely death of either Paul would be a big mistake. They have some “interesting” followers who would never forget it.
What can Rand Paul to do to stop it?
“...bailing them out over my dead body...”
I’m sure Odinga could arrange that....just like he did in Benghazi.
“Bankruptcy lets you be forgiven of your debt.”
I’d hate to be one who holds that debt. It’s the
renegotiation of union contracts and retirement that they
are trying to avoid.
A lot of conservative laugh at the blue cities and states that are going bankrupt. What they don’t realize is that the administration will bail out all of them with the nations tax dollars.
Yes, some gang of 6 or gang of 8 or gang of 12 “moderate republicans” will get together and reach a “compromise”.
You can bet that Lindsey and McCain will be in that gang.
Part of the compromise will be to “never do another bailout for a city”, but it won’t be enforced because some court will decide that it is discrimination or some such nonsense.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.