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To: djf
What are we going to do when ALL the property tax revenues and local sales taxes go to PAY THE PENSIONS OF RETIRED “PUBLIC” EMPLOYEES??

As I understand Detwaa's situation, even though Orr is trying to find a way to solvency ( the Pensions ) or re-negoiate them, by State Law the ultimate responsibilty for these reside with the State of Michigan. Which is unfair in a way, for 50 years they have been the drunken sailor, and everyone else will potentially get the hangover.

Hopefully not...

13 posted on 05/13/2013 5:17:54 PM PDT by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: taildragger

That’s why I say we’ve got to fix it even though we didn’t break it.

Fortunately things are moving in the right direction with a lot of quiet growth.


16 posted on 05/13/2013 5:21:01 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: taildragger

The Socialist Workers seem to think that if Detroit goes into bankruptcy, that the public employees’ pensions could be sacrificed:

http://www.wsws.org/en/articles/2013/04/10/detr-a10.html

So does the Detroit News:

http://www.detroitnews.com/article/20130405/METRO/304050363


23 posted on 05/13/2013 7:02:23 PM PDT by scrabblehack
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