Detroit stares down bankruptcy

Mlive ^ | December 07, 2012 at 11:15 AM, updated | Dustin Block

[taildragger]

DETROIT, MI - Bankruptcy may be inevitable for Michigan's largest city.

State leaders, including Gov. Rick Snyder, are working on a plan to guide the city through a "managed bankruptcy," according to Daniel Howes at The Detroit News. An emergency fiscal manager likely would take over the city, supplanting a mayor and City Council that have been unable to implement meaningful reforms.

[cripplecreek]

Michael Moore calling for revolt against republican serial killers.

http://twitchy.com/2012/12/07/meltdown-hilarity-michael-moore-calls-for-revolt-against-mich-gop-political-serial-killers/?utm_source=autotweet&utm_medium=twitter&utm_campaign=twitter

[lurk]

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.

[junta]

And the leftist media will in general ignore this story.

[Cen-Tejas]

...........freepers,I currently am on a long term visit to St. Maarten but spent a year in the US Virgin Islands recently. Here's some background regarding a portion of an article I have cut and pasted below: The US Virgin Islands does not have a voting representative in D.C. It does have a non voting person present and ensconced there in D.C. Her name is Donna Christenson. She has made the following proposal (below) which, in effect, and if granted, would reward 50+ years of corruption related to mis use and or mis appropriation of public funds by the government power authority (WAPA)and the USVI government itself. Essentially, they are one and the same. Residential power rates are now .49 per kwh and will undoubtedly go to at or near $1.00 if they don't get this money and soon. Scores, if not hundreds of businesses have closed because the electrical bill arrives and they simply cannot pay it. Murder rate (per 100k of people) is # 8 in the world just ahead of South Africa, # 9. They do need the money because they so ineptly handled their relations with Hovensa (large refinery owned by Hess and Chavez)over the past 50 years that Hess jr, in effect, told the VI gov't and WAPA to GTH last January and shut down the worlds 6th largest refinery (at one time) 90 days later. You know, same old story, they "taxed and regulated and unappreciated them out of existence". Like US politicians the past 50 years, the USVI pols have not served the people well and now it is getting to where the rubber is going to meet the road, and soon. The current pols down here in the Caribbean that sent Ms. Christenson to Washington with this proposal are indeed desperate. With no credit and no cash (like Detroit),frantic is probably a better word. The pols MAIN problem is, Hovensa employed 25% of the people on St. Croix AND provided all of USVI with cheap subsidized fuel for their near worn out public power generators. Those days are OVER Dec. 31! Top officials I have talked to fear the necessity of mobilizing the National Guard because at a dollar per kwh, no one can afford to live or work there and grocery stores will close as they can't keep food refrigerated. Hungry people get irrational quick. Here below is only a portion of her proposal, it was too long to put it all in. In short though, Detroit is much bigger but this phenom of public corruption and incompetence, ingrained for decades, is coming to a head ALL OVER !!! .A proposal that every tax filer in the U.S. kick in $1 to come up with $1,000 for every resident of the USVI. Christensen bill seeks $115 million from feds for WAPA ‘energy crisis’ ST. THOMAS — V.I. Delegate to Congress Donna Christensen introduced a bill this week to give more than $100 million in federal funds to the V.I. Water and Power Authority. She said Wednesday that the bill likely will have to be reintroduced when the 113th Congress convenes Jan. 3. The bill, called the Virgin Islands Energy Crisis Relief Act, does three things: • It would make the U. S. Department of Agriculture Rural Utilities take $100 million from its existing loan program and turn it into a grant for WAPA to subsidize fuel costs. • It would authorize the U.S. Commerce Department to make $15 million in grants available to help WAPA convert its generators from burning oil to burning liquid natural gas. • It would allow for more assistance to come to the territory through the Low Income Home Energy Assistance Program— known as LIHEAP— program. The program provides direct subsidies to consumers. “The situation is so serious for homes and businesses that we’re looking for any kind of money that could be applied,” Christensen said.

[taildragger]

He can come out but how does he stop the Governor.

I also hope the Governor doesn't go.

I knew he was coming, my pilot buddies got the 411 out on the TFR...

[OldMissileer]

Last Month I had to run back home to Michigan to see my sick mother. I took a day off from that and visited friends in Traverse City.

If I remember correctly, the Fat One has a home there and I was wondering if he was home. I would have liked to drive by his place and flip him off.

[cripplecreek]

Tub -O- Turds lives at Torch lake.

His tweets.

Still enraged by actions of Republican shock troops in the lame duck MI legislature yesterday. Revolt, anyone?

Obama won Michigan by TEN points. So why are Repubs running the show in Lansing? Cause WE failed to run the right candidates to defeat them.

Repubs gerrymandered our state like political serial killers. Their goal was 2 snuff out the will of the people. Did the Dems sue 2 stop it?

Let’s be clear: You do NOT have the right to enjoy the great pay & benefits the union fought for unless u join the friggin’ union.

You want the “right” not to join the union? Fine. Then I want u to cancel your health ins, work every wknd and reduce your pay to $5 an hour

My production co is repped by 4 unions. I don’t give a damn what illegal shit the Repubs do in Lansing - I will not obey this law.

If you write, direct, edit, shoot, or do sound for me on my next movie, you will not work for me unless you belong to the union.

[GeronL]

supplanting a mayor and City Council that have been unable to implement meaningful reforms

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....

[Joan Kerrey]

The only practical solution is to cut of all government handouts and get the current parasites to leave.

Agree somewhat but “get the current parasites to leave” is cause for concern. Where do you propose? How about Chicago? or maybe review the old East German plan and consider walls?

[Mountain Bike Vomit Carnage]

He has a home down the shore from me on Torch Lake. It’s 10,000 sq ft.

[The Free Engineer]

While he is there he should drive two miles east and one mile north and check with his peeps in Brightmoor hood. I am sure he would get a nice reception.

[quantim]

“Obama won Michigan by TEN points.” - Actually a margin of five points fatso.

Obama won Michigan because of federal PIE, along with all the other so-called swing states.

Does Fatso know how bad his Lansing union punk buddy Virg Bernero got his ass kicked by a political neophyte, venture capitalist, corporate CEO?

Stuff it Moore. By the way Michael, I heard Debbie Stabenow was single...heard there was a lot of money in fat farms!

[PA Engineer]

Thanks for the post. BTTT.

[detective]

How about an agricultural and industrial community where they are expected to be self sufficient. No taxpayer handouts. They can either work to build and grow the things they need or not.