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 ...
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.
“Detroilet”
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?
(nothing)
“...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.
/mark
Rand Paul got this one right. More money to Detroit is enabling and rewarding mismanagement.
Or some court will rule for equal protection even though cities aren’t people. Wait, they’re corporations, so they are.
The parasitic ticks are winning...
but the dog is dying.
Once the dog is dead... all of the ticks will die too...
because they have or will have already killed off all of the ‘other’ dogs, as well.
And the ignorants continue to “suck” on.....
It’s a feeling of utter helplessness and frustration... watching this happening but not being able to do anything to stop it.
I guess it’s a feeling that many others have had throughout the history of the world, while watching their country, their society and their civilization being dragged into that historical “dustbin”...and quite deliberately, it seems. But that isn’t exactly a comforting thought. I doubt that there even IS a comforting thought at this point.
“just like he did in Benghazi.”
And with Hastings.
“A lot of conservative laugh at the blue cities and states that are going bankrupt. What they dont realize is that the administration will bail out all of them with the nations tax dollars.”
Nobody with a brain and an ounce of common sense is laughing, Doc. Only some CINOs, perhaps, that never could get a clue on the big picture (tunnel vision).
The US House must HALT the bailout! STOP IT NOW!
The US House must HALT the bailout! STOP IT NOW!
Maybe Weiner can serve on the board.
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