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Old 07-18-2013, 01:30 PM   #1
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Default Detroit Files for Bankruptcy

Largest city in American history to do so. The Chinese have a curse: "May you live in interesting times."
http://www.nbcnews.com/business/repo...tcy-6C10678946
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Old 07-18-2013, 01:37 PM   #2
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honestly it's not shocking due to the issues that the auto industry had.
even with it coming back it's been a slow build and while you hoped the rebound would occur faster and more prominently.
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Old 07-18-2013, 01:44 PM   #3
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Personally, I think our laws and trade policies should be written in such a way as to keep our jobs and industries in our own country, and keep our cities solvent, rather than to prop up the well-being of global corporations who hide their assets off shore and who couldn't give a **** about this country.
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Old 07-18-2013, 01:54 PM   #4
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Originally Posted by Rohirrim View Post
Personally, I think our laws and trade policies should be written in such a way as to keep our jobs and industries in our own country, and keep our cities solvent, rather than to prop up the well-being of global corporations who hide their assets off shore and who couldn't give a **** about this country.
I disagree
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Old 07-18-2013, 02:00 PM   #5
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50 years of running the city like a welfare state and voting in more of same will catch up to you eventually. Better get Mitt Romney on the phone and negotiate a bailout.

Frickin' sad.
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Old 07-18-2013, 02:04 PM   #6
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It's inevitable. Detroit was built on the premise that you could graduate from high school, grab a decent assembly line job at 10 bucks an hour, and move up to lower management. You'd buy a nice Bungalow for 20K, raise a family, drive a new Ford, Chevy, Dodge every few years and eventually, retire to Florida.

In a Global corporatocracy, those days are dead like the dodo.

There is an ongoing retraction in population, industry, and resources in many of the rust belt cities. The leadership in Detroit, Flint, Cleveland etc. need to operate under the assumption that this retraction is inevitable. Unfortunately, it is politically inconvenient to do so and they're isn't a lot of money in it for their cronies.
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Old 07-18-2013, 02:06 PM   #7
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Personally, I think our laws and trade policies should be written in such a way as to keep our jobs and industries in our own country, and keep our cities solvent, rather than to prop up the well-being of global corporations who hide their assets off shore and who couldn't give a **** about this country.
Why? I thought turning a profit is frowned upon in this country. Everyone hates people who succeed. I thought the wealth is supposed to be distributed in such a way that punishes success and rewards laziness!


**** that.
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Old 07-18-2013, 02:07 PM   #8
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Personally, I think our laws and trade policies should be written in such a way as to keep our jobs and industries in our own country, and keep our cities solvent, rather than to prop up the well-being of global corporations who hide their assets off shore and who couldn't give a **** about this country.
Personally, I think American cars should be less ****ty. Most aren't even made here anyway.
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Old 07-18-2013, 02:08 PM   #9
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Tariffs won't heal what's killing the cities, unfortunately.
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Old 07-18-2013, 02:08 PM   #10
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Detroit and California. Run by liberals.
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Old 07-18-2013, 02:09 PM   #11
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Detroit and California. Run by liberals.
Stockton baby. Where the Nortes and Sur's roam
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Old 07-18-2013, 02:12 PM   #12
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You knew the city was going under when farms were propping up where apartments roamed. Such a depressing city and sad what has happened to many cities in this country but Detroit? Not thinking of the future did them in.
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Old 07-18-2013, 02:14 PM   #13
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50 years of running the city like a welfare state and voting in more of same will catch up to you eventually. Better get Mitt Romney on the phone and negotiate a bailout.

Frickin' sad.
As long as they keep voting in the same corrupt trash, they don't deserve a bailout. Let them sink or swim with thier chosen politicians. They will have deserved each other.
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Old 07-18-2013, 02:18 PM   #14
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Stockton baby. Where the Nortes and Sur's roam

Bell, California and the state of Illinois on deck.
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Old 07-18-2013, 02:21 PM   #15
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Not to over simply a complicated situation, or get into a right/left pissing contest, but imo the only way cities like Detroit are going to make it is a complete paradigm shift in how the city is viewed. People think of Detroit as this automotive, industrial hub of the United States. What should be happening is Detroit should be transitioning into moving from a large metropolis, to a mid-sized city. And as such looking at industry conductive to a mid-sized city. Condense the spread out geographic nature of the city by clearing out block after block of blight. Turn the surrounding areas into a more rural/agricultural friendly place for industry. The vision needs to be to make Detroit a lot more like a Lincoln Nebraska and a lot less like trying to remake the 1950's Detroit of old.
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Old 07-18-2013, 02:23 PM   #16
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Pretty soon, we'll all be living like the Southeast Asians. It will be so cool.
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Old 07-18-2013, 02:26 PM   #17
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Not to over simply a complicated situation, or get into a right/left pissing contest, but imo the only way cities like Detroit are going to make it is a complete paradigm shift in how the city is viewed. People think of Detroit as this automotive, industrial hub of the United States. What should be happening is Detroit should be transitioning into moving from a large metropolis, to a mid-sized city. And as such looking at industry conductive to a mid-sized city. Condense the spread out geographic nature of the city by clearing out block after block of blight. Turn the surrounding areas into a more rural/agricultural friendly place for industry. The vision needs to be to make Detroit a lot more like a Lincoln Nebraska and a lot less like trying to remake the 1950's Detroit of old.
Nobody is going to clean up the blight. They're just going to walk away.
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Old 07-18-2013, 02:37 PM   #18
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You're next, Baltimore:

Quote:
The Baltimore city government is on a path to financial ruin and must enact major reforms to stave off bankruptcy, according to a 10-year forecast the city commissioned from an outside firm.

The forecast, obtained by The Associated Press ahead of its release to the public and the City Council on Wednesday, shows that the city will accumulate $745 million in budget deficits over the next decade because of a widening gap between projected revenues and expenditures.
http://www.huffingtonpost.com/2013/0...n_2645606.html


Democrat mayors since 1947 (save one 4 year term of a Republican). See a trend?
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Old 07-18-2013, 02:38 PM   #19
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Nobody is going to clean up the blight. They're just going to walk away.
Mexicans. Dead serious.

Tie immigration reform to Midwest rust bucket revitalization. You want a path to citizenship? Your choices are Detroit, Flint, or Cleveland.
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Old 07-18-2013, 02:38 PM   #20
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Don't worry, the feds will bail out these cities. All is well. Nothing to see here, move along.
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Old 07-18-2013, 02:40 PM   #21
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Mexicans. Dead serious.

Tie immigration reform to Midwest rust bucket revitalization. You want a path to citizenship? Your choices are Detroit, Flint, or Cleveland.
little known fact: Latinos tend to go where the work is. Do you see the problem with this fantastic idea?
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Old 07-18-2013, 02:45 PM   #22
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little known fact: Latinos tend to go where the work is. Do you see the problem with this fantastic idea?
Obviously, it would have to be a part of the greater plan to retract the unused urban parts of the city decay and promote more migrant industries. As a result, you would see ancillary industries also sprout up.

It would certainly beat the alternative fantasy land world that Detroit is going to "pull itself up by its bootstraps" and return to the industry hub it was 50 years ago.

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Old 07-18-2013, 02:52 PM   #23
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Bell, California and the state of Illinois on deck.
Bell, Calif was run by crooks and that is a whole other catagory. They were found guilty except for one councilman. The City manager will be found guilty once he is in front of a jury. Chief of Police should be in jail too. Crooks to the hilt.
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Old 07-18-2013, 02:53 PM   #24
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Bell, Calif was run by crooks and that is a whole other catagory. They were found guilty except for one councilman. The City manager will be found guilty once he is in front of a jury. Chief of Police should be in jail too. Crooks to the hilt.
Um, Detroit is Bell, CA on steroids. Corruption in Detroit makes Bell look like, well, Bell.
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Old 07-18-2013, 02:55 PM   #25
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I am getting political here but need to know when Jetmeck will be making an entrance.

Therefore, wonder what the public union workers were making in Detroit (and other soon to be bankrupt cities)?
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