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UPDATE 1-Detroit union
files challenge to city´s
bankruptcy petition

Reuters, by Joseph Lichterman & Bernie Woodall

Original Article

Posted By:BaseballFan, 8/19/2013 9:14:12 PM

DETROIT, Aug 19 (Reuters) - One of Detroit´s biggest public labor unions on Monday became the first major party to file an objection to the city´s bankruptcy filing ahead of a midnight deadline for challenges. (Snip) Detroit, a former manufacturing powerhouse and cradle of the U.S. automotive industry and Motown music, has struggled for decades as companies moved or closed, crime surged and its population fell from a peak of 1.8 million in the 1950s to around 700,000 currently. The city´s revenue fell short of spending, while its budgets and borrowing ballooned.

Comments:
That´s right - they´ve struggled for DECADES due to Democrat/Left Wing policies. Overspending on the one hand, and high taxation that ate away from the other end. Result: bankruptcy. Coming soon to a FEDERAL government near you!

      


Post Reply  

Reply 1 - Posted by: BaseballFan, 8/19/2013 9:17:21 PM     (No. 9481781)

Oh, and be sure to read about Al Sharpton´s involvement. That´s right. New York´s own Al Sharpton, stirring the racial pot in Detroit.

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Reply 2 - Posted by: miceal, 8/19/2013 10:11:23 PM     (No. 9481843)

Seriously, the public sector unions are a primary cause of the problems with the financing of Detroit. Pretty much like the commercial that is being run by the union that backs the US Postal Service. They whine about how Congress is causing them to downsize and "bank" huge amounts of money...but they don´t say Congress did that to ensure THEIR PENSION PROGRAM was FUNDED! I´m sorry Miss Lucianne, but to hell with all the public sector unions and the vampires that infest their ranks.....

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Reply 3 - Posted by: leonardo, 8/19/2013 10:35:47 PM     (No. 9481857)

How special ~ A big public labor union, a major cause of the transformation of Detroit from a vibrant city into a Third-World cess pool, challenges the bankrupt city´s attempt to stop leeches like THEM from continuing to suck Detroit´s blood. Public unions, as Scott Walker proved, will NEVER stop with their demands even if they KNOW that they are destroying others. These corrupt thugs will elect those who will keep the union gravy train coming in exchange for perpetual reelection of democrats who care only about themselves.

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Reply 4 - Posted by: stonepony, 8/19/2013 11:08:58 PM     (No. 9481874)

for the individual I am sure this is just awful........for the collective I think it could not have happened to a nicer group of folks....

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Reply 5 - Posted by: veritas, 8/20/2013 2:09:38 AM     (No. 9481981)

OK, we have two groups of people, largely self-selected -- those who left the city, and those who stayed. Let me suggest some a few points on which to compare the 2 groups. It might be instructive.

a. average incomes
b. average net worth
c. average level of education
d. crimes per 10,000
e. arrests per 10,000
f. home ownership
g. length of employment [same job]
h. percent married

OK, you get the idea. Any suspicions on the results? I don´t have numbers. I do have suspicions.

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Reply 6 - Posted by: Bohallx, 8/20/2013 4:07:34 AM     (No. 9482011)

#2 ~ the $5 billion per year payment was not to fund the USPS pension program.

It was specifically for the purpose of balancing the budget.

The cover story issued by Rep Issa was that this money would pay for FUTURE medical insurance costs for postal workers.

The ´future´ was 75 years in the future!

That meant not a single individual currently working for USPS would ever see any of that money.

BTW, USPS pensions are fully funded through postage paid to move the mail. Alas, that money is in the hands of the US Gub´mnt which has borrowed it to run wasteful and fraudulent programs in other agencies.

Please try to stay up on postal news stories so you don´t find yourself buying into downstream propaganda ploys. There really are evil people who hate their letter carriers.

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Reply 7 - Posted by: MattMusson, 8/20/2013 8:07:37 AM     (No. 9482205)

The Michigan Constitution guarantees pensions as a civil right. That may preclude the Bankruptcy court from reforming pensions there.

SO, let Michigan bailout Detroit.

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