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Current Events => Breaking News => Topic started by: EagleKeeper on December 03, 2013, 10:59:05 AM

Title: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: EagleKeeper on December 03, 2013, 10:59:05 AM
Quote
The city of Detroit today officially became the largest municipality in U.S. history to enter Chapter 9 bankruptcy after U.S. Bankruptcy Judge Steven Rhodes declared it met the specific legal criteria required to receive protection from its creditors.


Whatever, the smartest people on the planet never saw this coming.

So...you know...how could the rest of us.

Read more here...http://www.freep.com/article/20131203/NEWS01/312030084/Judge-rules-Detroit-eligible-historic-Chapter-9-bankruptcy-says-pensions-can-cut
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: JohnnyReb on December 03, 2013, 11:39:01 AM
Hey, everybody, we don't have to pay out debts now. Every democrat controlled city/county/state in the country will be racing to pile on debt.
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: EagleKeeper on December 03, 2013, 11:44:51 AM
Hey, everybody, we don't have to pay out debts now. Every democrat controlled city/county/state in the country will be racing to pile on debt.

Yeah...bailouts...it's the breakfast of champions.
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: zeitgeist on December 03, 2013, 12:15:57 PM
Hey, everybody, we don't have to pay out debts now. Every democrat controlled city/county/state in the country will be racing to pile on debt.

And put another way, "Hey, Shitty City Worker, we don't have to pay you your stinkin' Cadillac pension."  DUmmies will be all over this like a barnyard hen on spilled corn.  This will be going down sideways with a twist among the unionista's.  Democrats did not want this to happen as it violates the 'sanctity of the union contract".    Watch for a Federal bailout program like the Pension Benefit Guarantee Fund to be established by the Obumble misadministration to protect public union employees.
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: Ptarmigan on December 03, 2013, 12:43:48 PM
Let Detroit hit rock bottom.

“This Is War — Outright War” : Detroiters Protest Bankruptcy
http://detroit.cbslocal.com/2013/12/03/this-is-war-outright-war-detroiters-protest-bankruptcy/

Quote
DETROIT (WWJ) – As many as one hundred noisy protesters marched outside federal court in Detroit while a judge inside ruled that the city is eligible for Chapter 9 bankruptcy.

Police closed Lafayette Street to traffic as one person chanted: ”From the streets of Detroit, what do we want?”  The crowd replied, “Justice!”

Others chanted, “We say no to bankruptcy!”
'

The unions are not too happy about the ruling.  :mental:
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: JohnnyReb on December 03, 2013, 02:36:06 PM

The unions are not too happy about the ruling.  :mental:


Good.......TEE-HEE-HEE
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: 98ZJUSMC on December 03, 2013, 04:08:08 PM

Detroiters Protest Bankruptcy

Whose primary income is the Hardcore Pawn Pawnshop.  I need a tylenol.


Quote
The unions are not too happy about the ruling.


At least you have electricity.  Venezuela?  Not so much.


Good.......TEE-HEE-HEE

I know.......   :hyper:
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: Freeper on December 03, 2013, 04:09:20 PM
They were right, I voted for Romney and just as they predicted, Detroit went bankrupt.
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: 98ZJUSMC on December 03, 2013, 04:10:33 PM
They were right, I voted for Romney and just as they predicted, Detroit went bankrupt.

An Insta- :hi5:
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: Wineslob on December 03, 2013, 05:09:56 PM
Quote
The unions are not too happy about the ruling.

Wanna bet? I'll "go out on a limb" and predict that "special circmstances demand protection of such a valuable asset". (pensions)
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: DefiantSix on December 04, 2013, 01:10:58 AM
And put another way, "Hey, Shitty City Worker, we don't have to pay you your stinkin' Cadillac pension."  DUmmies will be all over this like a barnyard hen on spilled corn.  This will be going down sideways with a twist among the unionista's.  Democrats did not want this to happen as it violates the 'sanctity of the union contract".    Watch for a Federal bailout program like the Pension Benefit Guarantee Fund to be established by the Obumble misadministration to protect public union employees.

401(k) money grab in 3... 2... 1... :thatsright:
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: NHSparky on December 04, 2013, 05:46:17 AM
Quote
Police closed Lafayette Street to traffic as one person chanted: ”From the streets of Detroit, what do we want?”  The crowd replied, “Justice!”

And ya'll got it.  You voted them in, your city is a bankrupt shithole.

Sweet, sweet, justice.
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: redwhit on December 04, 2013, 12:19:11 PM
But. . . but. . .but . . .

Obama refused to let Detroit go bankrupt!

[youtube=425,350]http://www.youtube.com/watch?feature=player_embedded&v=tTJP1APPxJk[/youtube]
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: Pretzel Warrior on December 05, 2013, 12:53:50 PM
about time. those greedy pensioners are essentially government workers turned into welfare queens.
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: Maxiest on December 05, 2013, 12:57:36 PM
And ya'll got it.  You voted them in, your city is a bankrupt shithole.

Sweet, sweet, justice.

Problem is they will keep voting them in.  Keep raising taxes, keep letting unions run business out of Detroit.  Workers paradise, socialist utopia, OWN IT!
Title: Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
Post by: EagleKeeper on December 05, 2013, 01:02:25 PM
Problem is they will keep voting them in.  Keep raising taxes, keep letting unions run business out of Detroit.  Workers paradise, socialist utopia, OWN IT!

And they will get a bailout, as will the insurance companies.