Detroit defaults on debt
Former Detroit mayor sentenced to 28 years for stealing $5M.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Detroit don't give a fuck.
Awesome.
The church off Gratiot, six miles from downtown, is home to Precinct 109, which Stephens has staffed since she was 16. It has only two registered voters. And by 7 p.m., neither had showed.
Awesome.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
More like "The church off Gratiot, six miles from downtown, is home to Precinct 109, which Stephens has staffed since she was 16. It has only two registered voters. And by 7 p.m., neither had showed. 57 votes were received for Obama."Malcolm wrote:Detroit don't give a fuck.Awesome.The church off Gratiot, six miles from downtown, is home to Precinct 109, which Stephens has staffed since she was 16. It has only two registered voters. And by 7 p.m., neither had showed.
"Be bold, and mighty forces will come to your aid."
Detroit 2012 election results by precinct.
There are multiple precincts with 0 voters. I don't know which one 109 is, though.
There are multiple precincts with 0 voters. I don't know which one 109 is, though.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Wow.
Those particular pensions were nothing short of theft from the taxpayers, you ignorant fuckhole.
News leaking out this week from the Motor City tells how the enormous gap between the pensions workers earned and the money set aside to pay for them will be closed. By stealing from the workers.
...
This is nothing short of theft, as pensions are simply deferred wages, that is, money that workers could have taken as cash in their regular paychecks had they not opted to set it aside.
Those particular pensions were nothing short of theft from the taxpayers, you ignorant fuckhole.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Perhaps, but nonetheless this is compensation earned but not being paid. And if it becomes legal precedent it could potentially apply to everyone's retirement funds someday, not just some public sector retirees in Detroit.
Also, it completely ignores the state constitution. This is a judge making shit up as he goes along instead of enforcing the law.
I suspect this will be overturned on appeal somewhere down the line.
Also, it completely ignores the state constitution. This is a judge making shit up as he goes along instead of enforcing the law.
I suspect this will be overturned on appeal somewhere down the line.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
Oh, I'm not sure they'll ever get paid, but this particular ruling will be overturned for certain. Pensions will get pushed up to be the #1 creditors in line to take whatever is left of the city during the bankruptcy. But that still doesn't guarantee payment, just increases the odds.
Although I wouldn't be surprised if a subsequent ruling even goes so far as to determine that after the city comes out of bankruptcy they will still owe the pensions, that the pensions are bankruptcy-proof. That would be in line with state law.
I'm thinking at this point that the city should just be completely dissolved, and the land returned to unincorporated county status. Then make new smaller cities out of the bits where people still live.
Edited By TPRJones on 1386185674
Although I wouldn't be surprised if a subsequent ruling even goes so far as to determine that after the city comes out of bankruptcy they will still owe the pensions, that the pensions are bankruptcy-proof. That would be in line with state law.
I'm thinking at this point that the city should just be completely dissolved, and the land returned to unincorporated county status. Then make new smaller cities out of the bits where people still live.
Edited By TPRJones on 1386185674
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
Water occasionally shutting off. Kind of like brownouts, except in liquid form.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Judge sides with drought.Malcolm wrote:Water occasionally shutting off. Kind of like brownouts, except in liquid form.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Malcolm wrote:Judge sides with drought.Malcolm wrote:Water occasionally shutting off. Kind of like brownouts, except in liquid form.
Rhodes's order served as a stinging rejection of arguments made by thousands of protesters who staged rallies last summer fighting shutoffs and argued that there is a fundamental right to water service.
"There is no such right or law," Rhodes said.
Yet somehow there is a right to health care.
"Be bold, and mighty forces will come to your aid."
Hahahahahahahahahahahahahahahahahahahahahaha.
Let's give them some more bailout money.
In Detroit’s crumbling schools, where the threat of insolvency means that basic repairs, supplies and even teachers are in short supply, 13 principals conspired with a vendor to defraud the system, siphoning away millions of dollars, federal agents and prosecutors charged on Tuesday.
Let's give them some more bailout money.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Re: Detroit defaults on debt
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Re: Detroit defaults on debt
I wonder why they didn't have any cash left.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Re: Detroit defaults on debt
Sounds like it was never Detroit's money in the first place. She wrote a grant to get federal dollars and then stole those dollars from the fed. Detroit was just the funnel.Darden, a former director of grant development... The charge was filed in federal court...
Shouldn't have an impact on Detroit. Well, unless the feds make Detroit pay back the grant money she stole.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
Re: Detroit defaults on debt
Did the feds not grant the cash to Detroit, who then misspent it?
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."