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Author Topic: Governor to name emergency financial manager in Detroit  (Read 2173 times)

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Offline Chris_

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Governor to name emergency financial manager in Detroit
« on: March 01, 2013, 02:16:40 PM »
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Snyder to name emergency financial manager in Detroit

Citing runaway deficits and long-term debts Detroit could never repay on its own, Gov. Rick Snyder today pulled the trigger and announced he will appoint an emergency financial manager for the state’s largest city. Snyder said he has a top candidate in mind, and that person would be in charge for 18 months.

The decision means Motown will soon have a new boss in charge of restructuring Detroit’s dire financial mess. That restructuring likely will include drastic cuts in public services and a top-down rethinking of the type of government a shrunken city with a dwindling tax base can afford.
Detroit Free Press

Way to go, Detroit.
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Offline wasp69

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Re: Governor to name emergency financial manager in Detroit
« Reply #1 on: March 01, 2013, 02:23:18 PM »
Quote from: Chris_ on March 01, 2013, 02:16:40 PM
Detroit Free Press

Way to go, Detroit.

Knew this was coming, no way it could be avoided.
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C.S. Lewis

A community may possess all the necessary moral qualifications, in so high a degree, as to be capable of self-government under the most adverse circumstances; while, on the other hand, another may be so sunk in ignorance and vice, as to be incapable of forming a conception of liberty, or of living, even when most favored by circumstances, under any other than an absolute and despotic government.

John C Calhoun, "Disquisition on Government", 1840

Offline thundley4

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Re: Governor to name emergency financial manager in Detroit
« Reply #2 on: March 01, 2013, 02:50:57 PM »
The DUmmies are not pleased.
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Offline 5412

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Re: Governor to name emergency financial manager in Detroit
« Reply #3 on: March 01, 2013, 03:28:44 PM »
Hi,

The ones who will raise the most hell will be the unions.   :cheersmate:

Chicago will be there soon.

regards,
5412
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Offline JohnnyReb

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Re: Governor to name emergency financial manager in Detroit
« Reply #4 on: March 01, 2013, 03:32:10 PM »
Quote from: thundley4 on March 01, 2013, 02:50:57 PM
The DUmmies are not pleased.

Hell, they wouldn't be happy with free ice cream and sex......nevermind, the government already furnishes them with free ice cream and sex and they ain't happy.
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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 Ptarmigan

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Emergency manager: Detroit won't pay $2.5B it owes
« Reply #5 on: June 14, 2013, 02:08:17 PM »
Emergency manager: Detroit won't pay $2.5B it owes
http://www.breitbart.com/system/wire/DA6TK8FO1

Looks like bankruptcy for Detroit. No surprise there.
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Offline J P Sousa

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Re: Emergency manager: Detroit won't pay $2.5B it owes
« Reply #6 on: June 14, 2013, 02:25:20 PM »
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  He also said $1.25 billion will be set aside over 10 years for public safety, lighting and neighborhood blight elimination.   

blight elimination ????  Does that mean the city will be a big bonfire eventually ?  :whistling:
.
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Offline Chris_

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Re: Emergency manager: Detroit won't pay $2.5B it owes
« Reply #7 on: June 14, 2013, 02:30:33 PM »
Quote from: J P Sousa on June 14, 2013, 02:25:20 PM
blight elimination ????  Does that mean the city will be a big bonfire eventually ?  :whistling:
.
The city is paying private contractors something like $10,000 apiece to knock down abandoned houses.

The deer probably like it.  Too bad for the crackheads, though... they can always move to Chicago.
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Offline CG6468

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Re: Governor to name emergency financial manager in Detroit
« Reply #8 on: June 14, 2013, 10:14:34 PM »
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EMERGENCY MANAGER: DETROIT WON'T PAY $2.5B IT OWES

Emergency manager says the city is defaulting on about $2.5 billion of debt.

Kevyn Orr said Friday that Detroit is asking creditors to take about 10 cents on the dollar of what they're owed. Underfunded pension claims will get less.

Link to AP Article
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Offline obumazombie

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Re: Governor to name emergency financial manager in Detroit
« Reply #9 on: June 15, 2013, 12:56:06 AM »
Aaaand another group of pensioners gets a haircut. They should put The Golds in charge. They are making a killing while Detroit is going bankrupt...and becoming a desolate wasteland...


And They Have Their Own Reality TV Show !
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Offline Dori

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Re: Governor to name emergency financial manager in Detroit
« Reply #10 on: June 15, 2013, 12:32:01 PM »
Quote from: obumazombie on June 15, 2013, 12:56:06 AM
Aaaand another group of pensioners gets a haircut. They should put The Golds in charge. They are making a killing while Detroit is going bankrupt...and becoming a desolate wasteland...


And They Have Their Own Reality TV Show !

I wonder how much of their stuff is stolen goods. 

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Offline obumazombie

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Re: Governor to name emergency financial manager in Detroit
« Reply #11 on: June 16, 2013, 12:35:03 AM »
Quote from: Dori on June 15, 2013, 12:32:01 PM
I wonder how much of their stuff is stolen goods. 


What are you missing that you are shopping for ?
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