First Detroit, Now Flint Warns Bankruptcy "Train Is Headed For The Cliff"

Zero Hedge ^ | July 19, 2016

[dynachrome]

“has only half its population of 1960.”

Same as Deeeeeeeeeetroit. Those that could get out, got out.

[blueunicorn6]

Sue the Democrat Party. They’ve got lots of money. The Democrats charge each other $32,000 a plate for meals.

[GOPJ]

Not to worry. Michael Moore will come to their rescue.

Yeah, Michael Moore's getting a second mortgage on one of his mansions to help out...

Well, that's the story according to Michael Moore's butler - as told one of his chauffeurs... who shared it with the mansions' head chef... ( via the 'Moore Foundation' for tax free travel for Elites...by the actual Director of that organization AND a personal friend of Chelsea Clinton... who knows how to run that slush fund tax scam)

[GOPJ]

Not to worry. Michael Moore will come to their rescue.

Yeah, Michael Moore's getting a second mortgage on one of his mansions to help out...

Well, that's the story according to Michael Moore's butler - as told by one of his chauffeurs... who shared it with the Mansions' head chef... ( via the 'Moore Foundation' for tax free travel of Elites...by the actual Director of that organization AND a personal friend of Chelsea Clinton... who knows how to run that type of slush fund tax scam)

[taildragger]

After next month teachers unions in Michigan are going to be a shadow of their former selves. August is opt out month and some 10,000 Michigan teachers have already quit paying dues.

CC love your post, you are wealth of information, please do tell of your source, and if it is a "public" source.

Also what is that 10,000 in terms of a percentage of the total Union Teachers in Michigan?

[Rides_A_Red_Horse]

Even if these MI cites go into bankruptcy, Al Sharpton is right, the residents should get their water, and other city services, for free.

---

You should move to Cuba. Everything is free!

[cripplecreek]

I get most of my info from Michigan Capitol Confidential and the Mackinac center. You'll have to dig up the stories yourself.

Michigan Capitol Confidential

Here is one interesting link with a little background on the August opt out.

MEA Rhetoric Aimed At Misdirecting Teachers From Focusing On August Opt Out

[St_Thomas_Aquinas]

Bankruptcy is the all-important last backstop. It’s a shame that the federal government can’t declare bankruptcy.

[St_Thomas_Aquinas]

Al Sharpton is right, the residents should get their water, and other city services, for free.

What does "free" mean to you?

Doesn't somebody pay for it? If not the residents, who?

[Chode]

this is what i told a guy i know(county union worker) awhile back, he was not pleased… I Don’t Care.

When you extorted your unjustifiable contracts, you didn’t care about the Taxpayers that will be forced to pay for your salary and benefits that is more, and better, than theirs, no…

You said: Either give me what I want, or I will hurt you.
I will GO ON STRIKE and I WILL HURT YOU!!!

NOT, If you don’t give me what I want, I will quit, and get a different job… NO!

It was, GIVE ME WHAT I WANT OR I WILL HURT YOU!!!

You were told over, and over, and over again, through the years, and extorted contracts, that it was unsustainable.

But YOU didn’t listen, and YOU didn’t care.

And the local government said OK, because there was nothing they could do, And, knowing it would be somebody else’s problem down the road, well...

Well, guess what?

It’s down the road, and now… it’s YOUR problem!!!
The trough is empty, and the teat is dry.

Can you hear ME now???

You were all fat dumb and happy as long as your snout was in the PublicTrough up past your eyeballs,

but now…

Now… that the food level has dropped below Your eyes, even YOU can see the writing on the wall as well as the rest of us.

There WILL be reduced benefits to be sure, if not outright eliminations…

And guess what???

I, DON’T, CARE!!!