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View Diary: Is Detroit's Bankruptcy Crisis a Contrived Scheme? (39 comments)

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  •  The extent to which they will raid is unlimited (9+ / 0-)

    It appears the move against the pension funds was intended to protect the claims of the hedge funds and financial institutions.

    "If you don't use your majorities, you lose your majorities."

    by SteinL on Sat Jul 20, 2013 at 01:39:51 AM PDT

    •  Exactly! (4+ / 0-)
      Recommended by:
      webranding, LeftHandedMan, caul, forgore

      And if Republicans, so called DINO's and those who have "sold out" to the Man believe they can get away with this in Detroit, Michigan -- the World's Automobile Capital-- where will they try this scheme, next?

      Something to think about.

      Michigan based Citizen Journalist Owner/Podcast host at Independent Underground News at http://www.rojsnews.com and our weekly radio show Independent Underground LIVE at http://www.blogtalkradio.com/rojsradio.

      by kayla9170 on Sat Jul 20, 2013 at 01:52:18 AM PDT

      [ Parent ]

    •  what hedge funds? (3+ / 0-)
      Recommended by:
      exlrrp, Balto, doc2
    •  I hate being progressive sometimes... (0+ / 0-)

      When I left Detroit I, personally, had never experienced a police response time of less then an hour and a half. Since then Bing has fired 40% of the police.

      Yes, Barrow is technically right when he says that we could bumble on for several more years with fully funded pensions before we gut them, but in the mean-time people are dying or preventable murders.

      And the only think my fellow Kossacks seem to care about is retirement benefits for baby boomers.

      Look, I'm not saying this is fair. I'm not saying it's right. What I'm saying is that a) Detroit is not governed, and this is literally killing people, b) it's illegal to raise taxes, and c) nobody is willing to either bail the City out or approve a massive tax hike. This means that d) somebody has to be fucked, and I see no reason that shouldn't be the unions.

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