Posted on 07/18/2013 1:27:38 PM PDT by tcrlaf
DETROIT (AP) -- Detroit has become the largest city in U.S. history to file for bankruptcy.
State-appointed emergency manager Kevyn Orr on Thursday asked a federal judge permission to place the city into Chapter 9 bankruptcy protection.
(Excerpt) Read more at hosted.ap.org ...
Foot in mouth.....hows that looking now there Joe.
https://www.youtube.com/watch?v=62KRYbvgCQE
Biden (VP Debate 2012): Romney Would Have “Let Detroit Go Bankrupt”
White House says Obama and his senior team continue to closely monitor Detroit bankruptcy......
and yet will do nothing but try and score political points...you lost already.
If I had that son and daughter, I would fire both of them.
Will FEMA be involved, at some point in time? Just wondering, where this well-staged opus will travel...perhaps, as an introduction, of a federal purpose.
Democrats will report this as a success.
“this is wonderful” with the creepy smile of angela corey.
Obama can’t GM this.
“what is that theatre? It looks like it was beautiful at one time.”
Most of Detroit was beautiful until Rat politics consumed it from within
Example of why Municipal Bonds aren’t attractive anymore.
“Then states like California and New York. But it is all going to fall. Math has no mercy.”
Throw NJ in there, too (for the same reasons). Americans and the companies that employ them are fleeing in droves, leaving behind the permanent underclass, immigrants (legal & otherwise), and the public employees required to “administer” them (even though many of them have already lost their jobs).
My children commented on how much damage still exists along the Jersey shore from Sandy; I told them there weren’t enough people with reasons to fix it. Who wants to invest in parks/beaches just to show up and be the only taxpayer there?
There is a very interesting article in the Wall Street Journal today (page A5). It says Kevyn Orr, the Detroit emergency manager, went to VALERIE JARRETT to ask for a government bailout, and was told no by Jarrett.
It really shines a light on who is making decisions in the White House.
Scary. Obama is a teleprompter reader and nothing more. An empty suit.
Agree about Obama. I’ve been convinced for sometime now that he makes no decisions. He reads what they tell him to read. He does what they say and in exchange, he and his wife get to “live the dream” for 8 years. That’s it.
“If I had that son and daughter, I would fire both of them.”
You know the old saying about not being able to pick your relatives...
But you can still pick the ones you want fired : )
“But you can still pick the ones you want fired : )”
OK you win!
“Detroit and other big cities will crash first.
Then states like California and New York.
But it is all going to fall. Math has no mercy.”
Very perceptive. You just can’t “unspend” money. Cities can’t print money like FedGov. States can’t print money like FedGov. FedGov is bankrupt, just like Detroit, only much, much, much worse. It is a house of cards. Using printed money to buy your own debt is like looking for a gas leak with a match. It never has a good ending.
wow, talk about someone screwing the city out of money....wonder who gets that money.....
It costs Detroit $62 in admin costs for every paycheck if cuts. That’s 3.5x the average for govt, 4x the avg employer.
How many years do we have before Obama's damage turns us into Detroit....
Conyer's, Stabenow, Levin, and Kawame's Mommy ( even though she is retired ) are quiet for now, what did they get to shut them up, what taste of the uptake from this do they get. Yes I am that cynical....
Burn if to the ground.
Whatever dems touch turn to sh%€
Unions,corruption,and Rats bankrupting cities. This gravy train ran out of track long ago.
Well...our POTUS Jarrett isn't a dummy...considering Detroit is probably the first of a long list of cities going belly up...
Every democrat city would have their hand out...
Can't have cities rioting because our first white / African president can't blame Bush for not bailing them out..
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