Category Archives: Bankrupt Detroit

Bond holders get paid first then everyone else gets inline in Detroit.  The people of Detroit need to realize elections and the unionization of a community has consequences.  This bankruptcy is a reflection on the leadership of those who were elected to protect this community but it is also a reflection on the voters who used poor judgement in…

Bailout the auto industry from...Detroit.  Now bail out the city itself...Detroit.  The definition of insanity is doing the same thing over and over again expecting a different result.  If they keep electing Democrats--and they do!--nothing will change.  The way Dems get and keep power is by doing the very things that will eventually put us…

So, Detroit is the first of possibly others to follow bankruptcy in the future.  Let's take a look at these cities, see who is running them, and then ask ourselves what they are doing wrong.  Then, let's make a list of those cities/states that seem to be thriving, see who is running them, and check…

Obama will wrongly bail Detroit out with money we do not have rather than letting free market work.

This is just the beginning. There will be many others to follow. Detroit has been mired in the poverty of liberalism for decades. It can't survive in that environment. It's not rocket science. One can look around this country. The cities that are managed by liberals are all in a huge mess. Liberalism doesn't work…

All I can say is that I'm glad I have no Detroit muni bonds......

HaHa - this question is too easy - one way or another, we bail them out - I hope not, but I would certainly not be surprised.

I pray that this is a wake up call to municipals and all other forms of government that they need to reevaluate and rein in spending.  As a nation we need to reorganize as well or our Medicare and Medicaid will also go the same route. Entitlements must be dealt with.

Detroit had no other option but to file for Chapter 9 bankruptcy.  The city has been deteriorating and accruing debt for years.  The increasing crime rate and dire economic conditions have resulted in a mass exodus of nearly two hundred fifty thousand people from 2000 through 2010.  The city government has been involved in a…

Sadly, most of them (those who can) will move here to South Carolina and influence our elections.