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Author Topic: Judge rules Detroit eligible for historic Chapter 9 bankruptcy  (Read 3860 times)

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Offline EagleKeeper

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Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« 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
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Offline JohnnyReb

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #1 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.
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Offline EagleKeeper

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #2 on: December 03, 2013, 11:44:51 AM »
Quote from: 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.

Yeah...bailouts...it's the breakfast of champions.
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Offline zeitgeist

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #3 on: December 03, 2013, 12:15:57 PM »
Quote from: 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.

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.
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Offline Ptarmigan

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #4 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:
« Last Edit: December 03, 2013, 01:14:18 PM by Ptarmigan »
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Offline JohnnyReb

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #5 on: December 03, 2013, 02:36:06 PM »
Quote from: Ptarmigan on December 03, 2013, 12:43:48 PM

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


Good.......TEE-HEE-HEE
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"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline 98ZJUSMC

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #6 on: December 03, 2013, 04:08:08 PM »
Quote from: Ptarmigan on December 03, 2013, 12:43:48 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.


Quote from: JohnnyReb on December 03, 2013, 02:36:06 PM
Good.......TEE-HEE-HEE

I know.......   :hyper:
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Offline Freeper

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #7 on: December 03, 2013, 04:09:20 PM »
They were right, I voted for Romney and just as they predicted, Detroit went bankrupt.
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Offline 98ZJUSMC

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #8 on: December 03, 2013, 04:10:33 PM »
Quote from: Freeper on December 03, 2013, 04:09:20 PM
They were right, I voted for Romney and just as they predicted, Detroit went bankrupt.

An Insta- :hi5:
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Liberal thinking is a two-legged stool and magical thinking is one of the legs, the other is a combination of self-loating and misanthropy.  To understand it, you would have to be able to sit on that stool while juggling two elephants, an anvil and a fragmentation grenade, sans pin.

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Offline Wineslob

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #9 on: December 03, 2013, 05:09:56 PM »
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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)
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Offline DefiantSix

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #10 on: December 04, 2013, 01:10:58 AM »
Quote from: zeitgeist on December 03, 2013, 12:15:57 PM
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:
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Offline NHSparky

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #11 on: December 04, 2013, 05:46:17 AM »
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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.
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Offline redwhit

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #12 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]
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Offline Pretzel Warrior

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #13 on: December 05, 2013, 12:53:50 PM »
about time. those greedy pensioners are essentially government workers turned into welfare queens.
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Offline Maxiest

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #14 on: December 05, 2013, 12:57:36 PM »
Quote from: NHSparky on December 04, 2013, 05:46:17 AM
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!
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Offline EagleKeeper

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Re: Judge rules Detroit eligible for historic Chapter 9 bankruptcy
« Reply #15 on: December 05, 2013, 01:02:25 PM »
Quote from: Maxiest on December 05, 2013, 12:57:36 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.
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