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Old 07-29-2013, 11:34 AM   #1
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Default Detroit Looks to Obamacare

Detroit Looks to Obamacare to Ease Costs

As Detroit enters the federal bankruptcy process, the city is proposing a controversial plan for paring some of the $5.7 billion it owes in retiree health costs: pushing many of those too young to qualify for Medicare out of city-run coverage and into the new insurance markets that will soon be operating under the Obama health care law.

But if large numbers of localities follow that course, it could amount to a significant cost shift to the federal government. Authors of the health care law expected at least some shifting of retirees into the new insurance exchanges, said Timothy S. Jost, a law professor at Washington and Lee University who closely follows the law. “But if a lot of them do, especially big state and local programs,” he said, “that’s going to be a huge cost for the United States government, and it’s mandatory spending.”

“There’s fear and panic about what this means,” said Michael Underwood, 62, who retired from the Chicago Police Department after 30 years and has diabetes and Parkinson’s disease. Mr. Underwood, who says he began working for the city when employees did not pay into future Medicare coverage, is part of a group suing Chicago over its plan to phase many retirees out of city coverage during the next three and a half years. “I was promised health care for myself and my wife for life,” he said

http://www.nytimes.com/2013/07/29/us...&emc=rss&_r=1&
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Old 07-29-2013, 01:24 PM   #2
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We'll **** a cop out of his benefits after thirty years of service but a Congressmen who serves for five years gets the gravy train for life. Or a CEO who bankrupts his corporation and tosses all those retirees onto the **** heap. Golden parachute.

Meanwhile, for the majority of Americans, it gets worse and worse:
Inequality is at its ugliest for the hungriest people. While food support was being targeted for cuts, just 20 rich Americans made as much from their 2012 investments as the entire 2012 SNAP (food assistance) budget, which serves 47 million people.

And as Congress continues to cut life-sustaining programs, its members should note that their 400 friends on the Forbes list made more from their stock market gains last year than the total amount of the food, housing, and education budgets combined.

http://www.salon.com/2013/05/30/half..._line_partner/

The GOP solution? Cut food stamps.
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Old 07-30-2013, 12:13 PM   #3
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We'll **** a cop out of his benefits after thirty years of service but a Congressmen who serves for five years gets the gravy train for life. Or a CEO who bankrupts his corporation and tosses all those retirees onto the **** heap. Golden parachute.

Meanwhile, for the majority of Americans, it gets worse and worse:
Inequality is at its ugliest for the hungriest people. While food support was being targeted for cuts, just 20 rich Americans made as much from their 2012 investments as the entire 2012 SNAP (food assistance) budget, which serves 47 million people.

And as Congress continues to cut life-sustaining programs, its members should note that their 400 friends on the Forbes list made more from their stock market gains last year than the total amount of the food, housing, and education budgets combined.

http://www.salon.com/2013/05/30/half..._line_partner/

The GOP solution? Cut food stamps.
The Government has been pumping up the stock market for a few years now, people with positions have done glorious. It ironic that the place to cut is food for poor, not QE1, QE2, QE3...... QE15
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Old 07-30-2013, 05:08 PM   #4
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The last time Detroit had a Republican mayor (Louis Miriani 1957-1962) the city had the highest per capita income in the country....it only took 5 decades for the liberal policies to turn it into a **** hole that is bankrupt.


51 years of Democrat rule to destroy one of the best cities in this great nation.
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Old 07-30-2013, 05:35 PM   #5
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Old 07-30-2013, 06:41 PM   #6
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The last time Detroit had a Republican mayor (Louis Miriani 1957-1962) the city had the highest per capita income in the country....it only took 5 decades for the liberal policies to turn it into a **** hole that is bankrupt.


51 years of Democrat rule to destroy one of the best cities in this great nation.
Are you really this ridiculous? Between '57 and '62 the U.S. auto industry, based in Detroit, was an international juggernaut.
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Old 07-30-2013, 07:10 PM   #7
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Are you really this ridiculous? Between '57 and '62 the U.S. auto industry, based in Detroit, was an international juggernaut.
True but then UAW came in to bring that international juggernaut to a grinding halt. The UAW is to blame, at least in part, for Detroit's downfall.
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Old 07-30-2013, 07:47 PM   #8
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Going, going, still going: Detroit family home still for sale after 519 days despite being on the market for just $1

Built in 1915, the property on Saint-Clair Street has been listed for sale since May 2011.
After initially being placed on the market for $900, its price was dramatically reduced to just $1 in February last year.
A description of the property on the Zillow website describes it as a 'Multi Family home featuring 2 units, hardwood floors, basement, and much more!'

http://www.dailymail.co.uk/news/arti...et-just-1.html

Last edited by Pony Boy; 11-02-2013 at 05:27 PM..
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Old 07-30-2013, 08:04 PM   #9
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True but then UAW came in to bring that international juggernaut to a grinding halt. The UAW is to blame, at least in part, for Detroit's downfall.
GM started building crappy cars and ignoring the competition from the Japanese for years, until it was too late. They got arrogant, and paid for it.

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Old 07-30-2013, 08:40 PM   #10
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GM started building crappy cars and ignoring the competition from the Japanese for years, until it was too late. They got arrogant, and paid for it.
Detroit adopted two-tier wages because the United Auto Workers wanted it that way. The companies needed to reduce labor costs to stay competitive. Management, however, did not especially care how the company cut costs. The U.A.W. did. It could have accepted lower wages for all workers. Instead it sacrificed the wages of new hires to protect the pay of the existing members. This is an almost inevitable result of collective bargaining in a declining company.

Unions function as job cartels. They raise their members’ wages by restricting the supply of workers in an industry. This is how the U.A.W. operated in Detroit. For decades almost the only cars Americans could buy were those built by U.A.W. members. And because the Detroit automakers could collectively raise prices, the union could negotiate above-market pay.

The result: cars cost more, Detroit sold fewer of them, and the automakers employed fewer workers — and U.A.W. members got six-figure compensation. Unions benefit their members at the expense of those outside the cartel. Once foreign automakers entered the market, this system began to collapse.

http://www.nytimes.com/roomfordebate...the-uaw-cartel
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Old 07-30-2013, 09:12 PM   #11
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1974 Malibu



I rest my case.

Last edited by Rohirrim; 07-30-2013 at 09:14 PM..
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Old 07-30-2013, 11:00 PM   #12
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1974 Malibu



I rest my case.
Yep.

The article was typical supply side hogwash. No one wanted what Detroit had to offer at any price. And not just Detroit. Flint, Lansing, Grand Rapids, and dozens of other cities who built their livelihood around the auto industry. The reason most of those other cities made it (or at least relative to Detroit) is because they were able to divorce themselves from the auto industry.

It wasn't just poorly negotiated contracts or UAW thuggery, it was simple unsustainability of a shrinking industry. Shrinking in the sense of everyone was moving to cheaper, mass-produced cars not just because of higher gas prices, but also because people needed more of them. I mean think about it...longer average commutes, two working parents, a wider variety of extracurricular activities...you're not gonna do that with three '78 Cutlass's in the driveway.
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Old 07-31-2013, 12:16 AM   #13
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Detroit adopted two-tier wages because the United Auto Workers wanted it that way. The companies needed to reduce labor costs to stay competitive. Management, however, did not especially care how the company cut costs. The U.A.W. did. It could have accepted lower wages for all workers. Instead it sacrificed the wages of new hires to protect the pay of the existing members. This is an almost inevitable result of collective bargaining in a declining company.

Unions function as job cartels. They raise their members’ wages by restricting the supply of workers in an industry. This is how the U.A.W. operated in Detroit. For decades almost the only cars Americans could buy were those built by U.A.W. members. And because the Detroit automakers could collectively raise prices, the union could negotiate above-market pay.

The result: cars cost more, Detroit sold fewer of them, and the automakers employed fewer workers — and U.A.W. members got six-figure compensation. Unions benefit their members at the expense of those outside the cartel. Once foreign automakers entered the market, this system began to collapse.

http://www.nytimes.com/roomfordebate...the-uaw-cartel
An article written by a Heritage Foundation buttboy that blames the unions. Imagine that!
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Old 07-31-2013, 07:31 AM   #14
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It's funny how the biggest anti-corporate types still worship at the altar of a retirement system completely reliant on corporate goodwill (and solvency) to make good on its promises.

End pensions. Corporations and Governments should not live large on the empty promises they yoke to voiceless future generations.
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Old 07-31-2013, 07:56 AM   #15
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It's funny how the biggest anti-corporate types still worship at the altar of a retirement system completely reliant on corporate goodwill (and solvency) to make good on its promises.

End pensions. Corporations and Governments should not live large on the empty promises they yoke to voiceless future generations.
Funny how the corporate lover types accept that the bloated pensions of CEOs (regardless of performance) are a sacred obligation of the corporation while the same obligations to workers are acceptably impermanent.
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Old 07-31-2013, 08:49 AM   #16
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Funny how the corporate lover types accept that the bloated pensions of CEOs (regardless of performance) are a sacred obligation of the corporation while the same obligations to workers are acceptably impermanent.
You really think CEO pensions would be considered a more sacred obligation than the employee variety in bankruptcy court?

Lolz.

If the corporation (and pension fund) goes broke, it goes broke. Doesn't matter who you are at that point. To prevent that possibility, your retirement (if any) should be compensated while you work and you should own the proceeds.

In what other situation would you allow your employer to say "Put it on my tab" for 30 years in hopes that your boss' successor's successor makes good on all those promises? It's an open invitation for abuse. Governments nationwide being the worst offenders (thanks to special regulatory treatment)
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Old 07-31-2013, 01:13 PM   #17
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You really think CEO pensions would be considered a more sacred obligation than the employee variety in bankruptcy court?
Who is representing the rights of the individual employee in this court?
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Old 07-31-2013, 01:18 PM   #18
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Who is representing the rights of the individual employee in this court?
The right to collect money that doesn't exist?
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Old 07-31-2013, 01:23 PM   #19
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Funny how the corporate lover types accept that the bloated pensions of CEOs (regardless of performance) are a sacred obligation of the corporation while the same obligations to workers are acceptably impermanent.
Which is precisely why more and more corporations are doing away with pension plans all together.

They are simply too expensive to maintain.

But if corporations want to give a guaranteed pensions to their employees......fine. Why? They aren't taxpayer funded.
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