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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)??
Thoughts on who's next (if any)??
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Re: Call Detroit. Tell them bankrupt!!!
Chicago is next. $40 Million in police OT a year. Only 45% of the cities pensions funded.Originally posted by joecct View PostPSNetwork / XBOX GamerTag: xJeris
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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.Comment
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Re: Call Detroit. Tell them bankrupt!!!
that's because they are only accepting collect calls.Originally posted by Twitch Boy View Post"Hope is a good thing; maybe the best of things."
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Re: Call Detroit. Tell them bankrupt!!!
I foresee good things for this thread.Comment
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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.Comment
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I strongly disagree with your hypothesis, you warthog faced baboon! ;-)Originally posted by MUhawks628 View Postbueller: Why is the sunset good? Why are boobs good? Why does Positrack work? Why does Ferris lose on the road and play dead at home?
It just happens.
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Re: Call Detroit. Tell them bankrupt!!!
A contestant on Wheel of Fortune tonight.Originally posted by joecct View Post
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Re: Call Detroit. Tell them bankrupt!!!
I'll explain, And I'll use small words so that you'll be sure to understand...Originally posted by bigmrg74 View Post
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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.Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin
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Re: Call Detroit. Tell them bankrupt!!!
Rochester has, and I believe St. Louis as well.Originally posted by Rover View PostComment
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Re: Call Detroit. Tell them bankrupt!!!
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 Rover View PostOriginally 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 BlogComment
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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.Comment
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Re: Call Detroit. Tell them bankrupt!!!
I wouldn't say that's remarkably different than any other major city in the US.Originally posted by FadeToBlack&Gold View PostOriginally 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 BlogComment
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Re: Call Detroit. Tell them bankrupt!!!
Isn't pension set up so that one generation pays for the next, just like Social Security?Comment
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