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(AP) Detroit officially is broke; could bankruptcy lie ahead?
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TJ Bennett
TJ Hooker
There is still a little bit of hope in Old Detroit. It's almost done ...
http://www.kickstarter.com/projects/imaginationstation/detroit-needs-a-statue-of-robocop/posts
Beaten like a rented mule
http://www.kickstarter.com/projects/imaginationstation/detroit-needs-a-statue-of-robocop/posts
Beaten like a rented mule
reggieandTFE
Member
It's just hard line negotiating tactics to fuck people out of their retirements.
It smells too similar to Rahm Emmanuel's recent, "Closing 54 public schools in Chicago will save over $500 million!"
Weeks after the unelected school board votes on it and the local NPR station did some digging, "Actually, it's only going to save $300 million, but numbers aren't that important anyways despite us using performance based metrics to decide which schools to close!"
It smells too similar to Rahm Emmanuel's recent, "Closing 54 public schools in Chicago will save over $500 million!"
Weeks after the unelected school board votes on it and the local NPR station did some digging, "Actually, it's only going to save $300 million, but numbers aren't that important anyways despite us using performance based metrics to decide which schools to close!"
Kai Dracon
Writing a dinosaur space opera symphony
Evilore should buy it.
Name it New GAF City. Go ahead and build a corporate tower.
The superior OT posters live in the tower and run things.
PC Master Race forms the elite enforcement department, operating UAV drones and robotic urban droids from high powered workstations.
Console peasants live on the mean streets where they fight over sticks of GDDR5 and use animated gifs for currency.
Name it New GAF City. Go ahead and build a corporate tower.
The superior OT posters live in the tower and run things.
PC Master Race forms the elite enforcement department, operating UAV drones and robotic urban droids from high powered workstations.
Console peasants live on the mean streets where they fight over sticks of GDDR5 and use animated gifs for currency.
Escape Goat
Member
can you imagine the terrble gang LARPing between the Nintenbots, Xfans and Playstationers? There would be violence in the streets from dawn to dusk.
Much like New Orleans, we shouldn't be beholden to where people set down roots hundreds of years ago. Cities rise and fall and throwing money into a pit just because something great happened on that piece of land many decades ago is not a valid reason to do it.
It's not like this was an overnight occurrence. It has been happening for decades and all kinds of different government interventions and programs have not helped. Other similar cities have pivoted and turned it back around, but Detroit has only gotten worse.
tiggerkiddo
Member
Darn Detroit has fallen far, I hope they can get back on their feet eventually.
So I have a couple of questions.
Is it possible for a single state to go completely bankrupt while the other states do not? What would happen if such a thing occurs? Would the federal government aid it? If so, how? taking money away from other states? I just ask because I believe each state mostly fends for themselves, like (almost) independent countries?
Is it possible for a single state to go completely bankrupt while the other states do not? What would happen if such a thing occurs? Would the federal government aid it? If so, how? taking money away from other states? I just ask because I believe each state mostly fends for themselves, like (almost) independent countries?
The Hermit
Member
Detroit reminds me of this hilarious Cleveland video.
Eaten By A Grue
Member
I subscribe to your vision.
Maybe too little too late in all honesty. Liberals have run the city into hell and now we only have welfare shit stains left living in the city.
Admiral Bone to Pick
Banned
It's really hard to take this post seriously given your avatar. Or even if your avatar was different. I dunno at this point.
Almost every state has a balanced budget law (most even in their constitution), to where they can't go completely bankrupt. Plus they have a lot more leeway in raising revenues on their people in a variety of ways that usually doesn't see a huge backlash (right away).
Even a state like California which has been pretty badly managed for decades can turn itself around fairly quickly. Plus there are the endless pocket books of the federal government that would always step in if things got too far gone.
Interesting, thanks.
I am crying over here lol
No, a state can't go into bankruptcy. They can merely default (failure and refusal to pay back debts). The only action I imagine debtors could take is to take a state to court to force a state's legislator to raise taxes.
What actually happens is that a state will ask the federal government for the cash they need to pay for their outstanding bonds, and the federal government will, of course, oblige.
Basically, a state won't likely default unless the entire nation gets into a horrific financial situation.
So much is riding on the broad shoulders and God-given arm strength of Matthew Stafford and the Inhuman combination of size, athleticism and WR skills Megatron has.
If the New Orleans Saints can win a Superbowl, so can the Detroit Lions.
The Red Wings and Tigers are much better odds for Detroit.
Something Wicked
Member
Umm, Chicago and Los Angeles are actually both teetering as well.
People are bound to get screwed in this deal.........no bailout for an abandoned city. There are so many reasons the city has become what it has, and it doesn't seem like there is a good solution for fixing it.
Angelus Errare
Banned
Meanwhile, this beautiful piece of artwork is being prepared.
It's crazy when you look at eveyrthing in the picture...the guy looks like he's tiny.
Just like Detroit
SirButterstick
Banned
As a side note, anyone who wants an on-the-street view of what's going on in Detroit should see this. It's heartbreaking and beautiful at the same time.
Detropia:
http://vimeo.com/m/42302316
Detropia:
http://vimeo.com/m/42302316
benjipwns
Banned
Look what these administrators and public employees in Detroit are making and will be making for life under the current system. Look at what their citizens are making.
Look at what services the city is not providing or "providing" beyond poorly. Look at the taxes the serfs are paying.
Look at the bulk of the rest of Michigan too really.
It's not the "rich" who pay for the salaries and pensions of other elites in places like Bell and Vernon and Detroit. There aren't enough of them and they leave.
They're looting the worst off and telling them it's good for them. And begging the rest of the state/country/world to help keep it going lest they suffer for looting too much too quickly.
You know, and i'm being serious here, Disney should step in and literally buy Detroit like they own Celebration, FL. They could call it Disney Universe for the northern states and convenient for Canada. With all their new properties they could create a new movie studio up there, maybe more high tech for all their super hero/Star Wars properties and put a shit load of people back to work up there.
Liberty4all
Banned
They have a great casino downtown too. The one nice street in the core, Greektown.
Great buffets too.
When I visited Detroit it was a surreal experience. Massive segregation, white flight taken to the most extreme. More homeless people (with obvious mental health issues) than actual citizens wandering the streets of the core. Caucasians living in decaying 5000 + sq ft mansions in the suburbs areas that were obviously once super wealthy but now filled with what's left of a dwindling middle class. A downtown core that looks like a war happened 10 years ago, complete with a tiny uber rich conclave (greektown, the casino) protected by armed security. Unbelievable corruption at the city governance level with the mayor leading the charge.
Then you drive 2 min under the tunnel to Windsor and its a normal healthy city again.
dorkimoe
Member
NOOOOOO!! I'll do anything!!!!
The little documentary or whatever it was where Johnny Knoxville was driving around detroit was so depressing. The place is a super super shithole. I can't believe they still have sports teams their, it looked like a ghost town
That robocop statue will be vandalized and stolen within minutes
It's gonna be kinda hard to haul off a 10 foot Bronze statue. Also I think they're going to put in a decent area of the city.
You should bail them out.
GoddyofAus
Banned
Anyone remember the depiction of Detroit in DE:HR?
Yeah.....
Yeah.....
Shao Kahn Brewing a Stew
Banned
Which was based off Robocop.
Plinko
Wildcard berths that can't beat teams without a winning record should have homefield advantage
I used to go to Lions games in Detroit. The fact that you were parking in dirt lots by burned out buildings 5 blocks from the stadium were enough to make me stop.
Seriously, if you walk 2 blocks in any direction from Ford Field/Comerica Park you're in no man's land. It's awful.
Seriously, if you walk 2 blocks in any direction from Ford Field/Comerica Park you're in no man's land. It's awful.
So much is riding on the broad shoulders and God-given arm strength of Matthew Stafford and the Inhuman combination of size, athleticism and WR skills Megatron has.
If the New Orleans Saints can win a Superbowl, so can the Detroit Lions.
Why is Kathy Bates hanging out with Megatron?
So much is riding on the broad shoulders and God-given arm strength of Matthew Stafford and the Inhuman combination of size, athleticism and WR skills Megatron has.
If the New Orleans Saints can win a Superbowl, so can the Detroit Lions.
Who's the fat kid standing next to Megatron? Make a Wish foundation?
Edit: Fuck you ez.
Corruption, a lack of future proofing/planning in the 80s, and living in the past is what killed Detroit, not partisan policies.
Escape Goat
Member
That sounds like fucked up government to me.
I don't understand what you're advocating in practical terms here.
There are about 800,000 people in Detroit proper and the metro anchors about 3 million people more, they really should not be paying the price for generations of mismanagement and changes in economic trends.
I personally think Detroit can be saved, but even if it doesn't, we still have responsibility for the people living there.
p.s.
Were you advocating abandoning New Orleans too?
That's crazy talk.
:JNC
That only works if there is a reason for people to stay within commuting distance of the hub.
My point is that you can't put a magic number on what Detroit's population should be. You have to let it deflate to a size that the area can feasibly support. You can financially take the edge off the pain that happens in such a contraction, but you can't artificially create what isn't there.
Probably not much longer. People are pouring out.
The biggest problem in my opinion is that there's little to no chance of reforming the bureaucracy within Detroit even with a bankruptcy. If government corruption and spending are truly out of control (with dwindling tax revenues), then what's to stop the government of continuing the same policy once it emerges from bankruptcy protection?
Isn't the best way to handle this is to hand over administrative control and the entire bureaucracy to some third party?
Isn't the best way to handle this is to hand over administrative control and the entire bureaucracy to some third party?
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