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Detroit Bankruptcy: Governor Authorizes Filing, Declaring 'No Viable Alternative'


Business  (tags: business, economy, society, news, money, usa )

Cal
- 518 days ago - csmonitor.com
The Detroit bankruptcy filing, which follows a decades-long decline in city finances that led to $18 billion in debt, sets the stage for a showdown with 43 public sector unions facing a drastic cut in pensions.



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Comments

Carol H. (229)
Friday July 19, 2013, 4:55 am
noted, thanks Cal
 

Past Member (0)
Friday July 19, 2013, 4:58 am
Gee, maybe they should hire more teachers. Best of all, a city switches people to the affordable care act before any company does!
 

pam w. (191)
Friday July 19, 2013, 6:50 am
Such a shame!
 

Birgit W. (152)
Friday July 19, 2013, 12:55 pm
Noted.
 

Roger Garin-michaud (113)
Friday July 19, 2013, 1:28 pm
noted, thanks!
 

Gloria H. (88)
Friday July 19, 2013, 5:19 pm
Sad to hear the old hometown is going down the tubes.
 

Katie D. (111)
Friday July 19, 2013, 7:59 pm
The Governor should have never been Elected!!
Now he wants to take the hard working people's pensions just because he SEE'S IT THERE!!??
It's not his to USE!! NO DON'T ALLOW THIS!!!
That's just like taking our Social Security Just because it's there for us!!!
NO,NO ,NO, NO
IT'S NOT THOSE PEOPLE'S FAULT HE CAN'T RUN THE STATE OR DETROIT!!!
 

Robert K. (31)
Friday July 19, 2013, 9:13 pm
So why did the governor prevent Detroit from accepting hundreds of millions from the federal government for Detroit? Simple, to try to steal the union pension funds.

 

Robert K. (31)
Friday July 19, 2013, 9:18 pm
And there IS a viable alternative, destroy the Republican party. Since the Republicans have caused all our problems, maybe it's time to restore HUAC, only instead of making the Communist party illegal and persecuting it, make the Republican party illegal and prosecute every last one of the scumbags. They've caused trillions of times more damage than the American Communist party ever did.
 

Joanne Dixon (40)
Saturday July 20, 2013, 9:52 am
I said when Rick Snyder appointed an emergency manager that he wanted to kill Detroit, and now he has. I would never believe a word Rick Snyder said.
 

Joanne Dixon (40)
Saturday July 20, 2013, 1:48 pm
Just saw this from Daily Kos:

http://www.dailykos.com/story/2013/07/19/1225049/-Detroit-bankruptcy-on-hold-Snyder-admin-smacked-down-by-judge-for-cheating-good-people-who-work?detail=email

WooHoo! Thank God for SOME of the courts!
 

Carol Dreeszen (362)
Sunday July 21, 2013, 1:52 am
*****And there IS a viable alternative, destroy the Republican party. Since the Republicans have caused all our problems,

Sorry...you can't blame Detroit's problems on the Republicans because it's been the Democrats who controlled Detroit for many moons! Put the blame where it belongs..with the Unions!!
 

. (0)
Thursday July 25, 2013, 11:34 pm
http://www.care2.com/c2c/photos/view/208/661701061/USFIRST/1011408_215439241943161_1646324437_n.jpg.html
 

Fred Lemon (90)
Saturday July 27, 2013, 6:07 am
Two weeks ago, Lies My Country Told  Me featured "Detroit: A Modern Tale, Death of the Middle Class, Part I". The discussion addressed how Detroit, once the testament to the middle class has now become a wasteland, the poster child of urban blight.  Detroit though, is not alone in its spectacular fall.

Signs of decay can be witnessed in many other manufacturing based urban centres in America.  It is time for Detroit to lead again, to become the model city of post-industrialization. All that is required is creative, out of the box thinking and leaders that can bring greatness to Detroit once again.

In light of the impending bankruptcy of Detroit, the largest municipal bankruptcy in the history the nation, please join Fred and Marg on BTR's Lies My Country Told Me, "Detroit Part II: Solutions" on Saturday, July 27. 2013 at 2:00 pm EST (1:00 pm Central,  12:00 pm Mountain, 11:00 am Pacific and 3:00 pm Atlantic - except NL, 3:30 pm). Email us with your ideas at iesmycountrytoldme@gmail.com, join is in the chatroom during showtime, or call in with your opinion at 347-677-1814.
 
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