Skip to main content

View Diary: Detroit emergency manager describes himself as 'a benevolent dictator' (85 comments)

Comment Preferences

  •  I'm beginning to think maybe they should sell (4+ / 0-)

    the art.  The dumb white suburbanites who adore Snyder seem all to happy to see it go out of spite that it is still in Detroit, and they don't give a damn they they've paid for it as-much as anyone else in terms of state subsidies for the City of Detroit.

    So if they don't give a damn and are all too happy to give away their shit and pay later to get it back, well so be it.  If it saves pensions for people who simply did their jobs as police, fire, and educational public servants, I'm for it.

    Detroit is an abandoned city.  It is sized for up to 2M people but has a population of about 800k simply by virtue that it is easier politically and financially to discard the old and build new burbs.  It will never be financially viable, and southeast michigan will probably be concrete from saint claire to flint to ann arbor in another 20 years, with 1/5 of it bankupt and abandoned.

    In Feudalism, you bow to the King. In Libertarianism, you bow to the King's wallet. They are so obviously totally different!

    by ban48 on Tue Aug 06, 2013 at 07:53:45 AM PDT

    •  Nothing is going to fully save pensions, I think. (4+ / 0-)
      Recommended by:
      johnny wurster, VClib, Victor Ward, WillR

      All creditors of the city are going to get less than they were promised, including bondholders and pensioners.  

      Given the size of the long-term obligations, there's no real alternative as far as I can tell.  

      Selling of the art, at best, makes the "hit" the creditors will take a little less draconian.  

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site