Detroit: Bankrupt

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Re: Detroit: Bankrupt

Postby Stebben84 » Tue Dec 03, 2013 7:00 pm

what happened to states rights? So would you be alomg with term limits? I am.

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Re: Detroit: Bankrupt

Postby rabble » Tue Dec 03, 2013 10:19 pm

Ned Flanders wrote:What Detroit can't do is limp along with the same graft and patronage schemes that got it there.

Bullshit. The Republicans have been doing fine with that business model since before the railroads. They lost the fucking factories and couldn't bounce back. What's so hard to understand about that? This was not only a highly complex bounce to manage, it was the first one of its size so the playbook was a little short.

Plenty of Republicans and Democrats have fucked up easier projects, plenty of times.

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Re: Detroit: Bankrupt

Postby Mad Howler » Wed Dec 04, 2013 8:59 pm

Ned Flanders wrote:There was a long story in last Friday's WSJ

You know that a decade ago I might have followed that further.
Sadly, that brand is broken.
When I say that I am sad - I mean that I am.

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Re: Detroit: Bankrupt

Postby Ned Flanders » Wed Dec 11, 2013 8:25 am

Chicago: next

Pension crisis endangers Chicago's future

The economic capital of Illinois and the Midwest, Chicago holds the dubious distinction of having the worst-funded public pension system of any major U.S. city. It's a crisis that's putting in peril Chicago's reputation as "the city that works," and its vision of being a modern transportation hub in the midst of a high-tech boom

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Re: Detroit: Bankrupt

Postby DCB » Wed Dec 11, 2013 8:46 am

The masters of the universe almost bankrupt the entire world. Get bailed out. Then they come to steal the pensions of the people who do real work.

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