Socialism wins again - Detroit goes Bankrupt!

[BigV]

You don't know what the word "socialism" means, do you?

[gvidas]

As long as we're going line by line pointing out the sweeping inaccuracies:

- The mayor announced the bankruptcy.

- The city council didn't get kicked out (but several of them have left, for convoluted reasons of deflated ego / sideline sex scandal / health problems -- and even then, they weren't kicked out, their pay was withheld for not showing up to work in 4 weeks.)

There is a really serious issue re: the ratio of quality of life : taxes assessed.

[Adak]

Originally Posted by gvidas

As long as we're going line by line pointing out the sweeping inaccuracies:

- The mayor announced the bankruptcy.

- The city council didn't get kicked out (but several of them have left, for convoluted reasons of deflated ego / sideline sex scandal / health problems -- and even then, they weren't kicked out, their pay was withheld for not showing up to work in 4 weeks.)

There is a really serious issue re: the ratio of quality of life : taxes assessed.

There IS a "so called" Mayor of Detroit (Bing), but he has no financial power. It was Kevyn Orr who filed for Detroit's bankruptcy, but Bing did participate along with Orr, in the announcement of it.

The only person who had any power on this issue, was the emergency manager Kevyn Orr, who was put in place by the Governor. Orr was unable to get the unions to compromise on the debt they are owed by the city, although he did get compromises on debts owed from some major corporations (Bank of America, etc.).

Before these compromises were made, the indebtedness of Detroit was estimated at roughly 20 Billion dollars! The majority of that debt is to the unions pensions - which are outrageous.

[DanaC]

Originally Posted by BigV

You don't know what the word "socialism" means, do you?

Bears repeating.

[Adak]

Originally Posted by DanaC

Bears repeating.

Sure, because if management does it, it's instantly recognized as socialist, but if the unions themselves do it - well that's just fine, fine, fine. Couldn't possibly be socialism at work.