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  • Call Detroit. Tell them bankrupt!!!

    I think Detroit tipping into bankruptcy may be a tipping point and I think the municipal financing issues warrant its own thread.

    Thoughts on who's next (if any)??
    CCT '77 & '78
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  • #2
    Re: Call Detroit. Tell them bankrupt!!!

    Originally posted by joecct View Post
    I think Detroit tipping into bankruptcy may be a tipping point and I think the municipal financing issues warrant its own thread.

    Thoughts on who's next (if any)??
    Chicago is next. $40 Million in police OT a year. Only 45% of the cities pensions funded.
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    • #3
      Re: Call Detroit. Tell them bankrupt!!!

      What's the extension for Detroit? I can't find them anywhere in the directory.
      Michigan Tech Huskies Pep Band: There's No Use Trying To Talk. No Human Sound Can Stand Up To This. Loud Enough To Knock You Down.

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      • #4
        Re: Call Detroit. Tell them bankrupt!!!

        Originally posted by Twitch Boy View Post
        What's the extension for Detroit? I can't find them anywhere in the directory.
        that's because they are only accepting collect calls.
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        • #5
          Re: Call Detroit. Tell them bankrupt!!!

          I foresee good things for this thread.

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          • #6
            Re: Call Detroit. Tell them bankrupt!!!

            "Hello, is this Detroit?"
            "Yes it is."
            "BANKRUPT!" *slam*
            Michigan Tech Huskies Pep Band: There's No Use Trying To Talk. No Human Sound Can Stand Up To This. Loud Enough To Knock You Down.

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            • #7
              Originally posted by MUhawks628 View Post
              I foresee good things for this thread.
              I strongly disagree with your hypothesis, you warthog faced baboon! ;-)
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              • #8
                Re: Call Detroit. Tell them bankrupt!!!

                Originally posted by joecct View Post
                Thoughts on who's next (if any)??
                A contestant on Wheel of Fortune tonight.

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                • #9
                  Re: Call Detroit. Tell them bankrupt!!!

                  Originally posted by bigmrg74 View Post
                  I strongly disagree with your hypothesis, you warthog faced baboon! ;-)
                  I'll explain, And I'll use small words so that you'll be sure to understand...

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                  • #10
                    Re: Call Detroit. Tell them bankrupt!!!

                    I'm not sure there's any solution to a situation like Detroit's. A dying Rust Belt city that's been on the skids for decades due to a loss of manufacturing jobs. Frankly that could be a dozen cities in the US (Buffalo, Cleveland, Akron, Gary, St. Louis, Rochester, etc). Have any been able to revitalize themselves? Think of older cities in the US that are doing well (SF, Chicago, NY, Boston, DC). Usually there's something specific to them that's tough to replicate. Nobody wants to move to Detroit, and the city isn't going to grow from the inside.

                    To answer joecct's question, I'd say Buffalo is next.
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                    • #11
                      Re: Call Detroit. Tell them bankrupt!!!

                      Originally posted by Rover View Post
                      I'm not sure there's any solution to a situation like Detroit's. A dying Rust Belt city that's been on the skids for decades due to a loss of manufacturing jobs. Frankly that could be a dozen cities in the US (Buffalo, Cleveland, Akron, Gary, St. Louis, Rochester, etc). Have any been able to revitalize themselves? Think of older cities in the US that are doing well (SF, Chicago, NY, Boston, DC). Usually there's something specific to them that's tough to replicate. Nobody wants to move to Detroit, and the city isn't going to grow from the inside.

                      To answer joecct's question, I'd say Buffalo is next.
                      Rochester has, and I believe St. Louis as well.

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                      • #12
                        Re: Call Detroit. Tell them bankrupt!!!

                        Originally posted by Rover View Post
                        I'm not sure there's any solution to a situation like Detroit's.
                        Long-term, there certainly is. The current problem is trying to pay off pensions from when the city had a population of 2M, with a population of maybe 700k. There's just no way to make that work, regardless of what you do with taxes/city management. Those liabilities are crippling right now, but won't be there forever one way or another. Once they get out of that hole, the downtown area has been undergoing a nice rebirth in recent years. There's still some problems to fix, but I think their biggest issues are temporary, not permanent.
                        Originally posted by dicaslover
                        Yep, you got it. I heart Maize.

                        Originally posted by Kristin
                        Maybe I'm missing something but you just asked me which MSU I go to and then you knew the theme of my homecoming, how do you know one and not the other?

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                        • #13
                          Re: Call Detroit. Tell them bankrupt!!!

                          The biggest problem in the long-term in the schools. You can get young professionals and artsy fartsies to live in downtown and midtown, but as soon as they get married and start thinking about kids, those people are going to bolt for the 'burbs unless they can fix the city school system.

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                          • #14
                            Re: Call Detroit. Tell them bankrupt!!!

                            Originally posted by FadeToBlack&Gold View Post
                            The biggest problem in the long-term in the schools. You can get young professionals and artsy fartsies to live in downtown and midtown, but as soon as they get married and start thinking about kids, those people are going to bolt for the 'burbs unless they can fix the city school system.
                            I wouldn't say that's remarkably different than any other major city in the US.
                            Originally posted by dicaslover
                            Yep, you got it. I heart Maize.

                            Originally posted by Kristin
                            Maybe I'm missing something but you just asked me which MSU I go to and then you knew the theme of my homecoming, how do you know one and not the other?

                            Western College Hockey Blog

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                            • #15
                              Re: Call Detroit. Tell them bankrupt!!!

                              Isn't pension set up so that one generation pays for the next, just like Social Security?

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