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No thread about Detroit yet?

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  • Glockster69

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    Jul 1, 2011
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    No thread about Detroit yet?

    Thought about it ... then realized I didnt care enough to bother
     

    kusai

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    Oct 30, 2011
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    Bedford TX
    Somebody be kind and explain what happens when a city files for bankruptcy. Who gets penalized and who doesn't get credit for next 7 years or so.
     

    1slow01Z71

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    Jun 24, 2012
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    Kyle
    No thread about Detroit yet?

    Thought about it ... then realized I didnt care enough to bother
    I'm only really interested in because it shows exactly how terrible the democrat/liberal way of running things is. Plus I found this picture awful funny
    PicsArt_1374254443397_zpsaa1e890e.jpg
     

    1slow01Z71

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    Kyle
    Somebody be kind and explain what happens when a city files for bankruptcy. Who gets penalized and who doesn't get credit for next 7 years or so.

    Read the Rand Paul article, it goes into it a little.

    Also something else to note, Chicagos credit got knocked down three points yesterday due to their pension obligations and high gun violence. The gun free city gem of the left regime has a nice crack starting in its foundation.
     

    Renegade

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    I still have trouble fathoming that Detroit was the richest city in America in the 50s. Within one generation, they lost it all. I was their for business in the early 2000s, it really is as bad as they say.
     

    45tex

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    50 years of Obama style leadership is too much for any city. Its killing California, and its going to get the rest of us as well. We are so far past what we can ever pay back. Maybe we can give Detroit and its crappy state to the Chinese as a small principal payment on our debt. Then make everybody that voted for Obama that does not already live there move there.
     
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