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#1
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Detroit is bankrupt ...
*sigh* -- that's what 40 years of mismanagement will do to 'ya
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#2
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"Shuttin' Detroit Down"
My daddy taught me in this country everyone's the same You work hard for your dollar and you never pass the blame When it don't go your way Now I see all these big shots whining on my evening news About how they're losing billions and it's up to me and you To come running to the rescue Well, pardon me if I don't shed a tear They're selling make believe and we don't buy that here Because in the real world they're shuttin Detroit down While the boss man takes his bonus paid jets on out of town DC's bailing out them bankers as the farmers auction ground Yeah, while they're living up on Wall Street in that New York City town Here in the real world they're shuttin Detroit down Here in the real world they're shuttin Detroit down Well that old man's been working in that plant most all his life Now his pension plan's been cut in half and he can't afford to die And it's a crying shame, 'cause he ain't the one to blame When I looked down to see his calloused hands Well let me tell you friend it gets me fightin mad 'Cause in the real world they're shuttin Detroit down While the boss man takes his bonus paid jets on out of town DC's bailing out them bankers as the farmers auction ground Yeah, while there living up on Wall Street in that New York City town Here in the real world they're shuttin Detroit down Yeah while they're living up on Wall Street in that New York City town Here in the real world they're shuttin Detroit down Here in the real world they're shuttin Detroit down In the real world they're shuttin Detroit down They're shuttin Detroit down
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have no worries.....President Obama swears "If you like your gun, you can keep it |
#3
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Yes
This has been accurately forecast since 1974.
Most intelligent humans knew this was going to happen. When income falls BELOW outgoing payments: STOP SPENDING... Metro Detroit had 775,000 food aid recipients in May, with two thirds or about 520,000 in Wayne County. 2012 Detroit, Michigan population estimate, 701,475 Extreme LEFT Democrats, Extreme Liberal policy, corrupt politicians, Bloated entrenched bureaucracy, insane rules/regulations, stupid high taxes. Three words accurately describe Detroit government: * Misfeasance * Malfeasance * Nonfeasance Detroit files for bankruptcy protection Detroit files for largest municipal bankruptcy in US history | Fox News Detroit files largest municipal bankruptcy in U.S history - The Washington Post http://www.nytimes.com/2013/07/19/us/detroit-files-for-bankruptcy.html?pagewanted=all&_r=0 .
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ASE Master Mechanic asemastermechanic@juno.com Prototype R&D/testing: Thermal & Aerodynamic System Engineering (TASE) Senior vehicle instrumentation technician. Noise Vibration and Harshness (NVH). Dynamometer. Heat exchanger durability. HV-A/C Climate Control. Vehicle build. Fleet Durability Technical Quality Auditor. Automotive Technical Writer 1985 300SD 1983 300D 1984 190D 2003 Volvo V70 2002 Honda Civic https://www.boldegoist.com/ |
#4
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A shrinking tax base I am sure has a lot to do with it.
__________________
[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC] ..I also have a 427 Cobra replica with an aluminum chassis. |
#5
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No. It was the Democrats.
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#6
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Shrinking Democrat!!! OMG!!!
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#7
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When I heard the news, my first thought was, "Detroit still has a functioning government?"
I've never been to Detroit, but what I've heard and what I've seen portrayed on tv make me associate the place with Fallujah when I was there during OIF, only dirtier and more violent. I guess it isn't that bad.
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Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar. 83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles 08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles 88 Jaguar XJS V12 94,xxx miles. Work in progress. |
#8
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I do not understand why the tax base would be shrinking. They elected all democrats for decades, it should be utopia. Oh wait the tax base shrunk the takers stayed, and payers left thats how the tax base shrunk.
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#9
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Some things never change. The parallels are amusing, especially among the leadership.
200 years ago. http://war1812.tripod.com/batdetroit.html
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“Whatever story you're telling, it will be more interesting if, at the end you add, "and then everything burst into flames.” ― Brian P. Cleary, You Oughta Know By Now |
#10
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I wonder how much money the feds would have to give Canada for them to take Detroit and make it one of there provinces or territories.
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#11
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Why did it shrink?
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#12
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It shrank because producing cars takes lots less people now than fifty years ago, more unemployment less people spending money on goods and property, all because people stopped buying us built cars from the big three. Management decided to build trucks and suvs instead of building fuel efficient vehicles because short term profit was massive. Now that people have confidence in the imports the japanese are building full size vehicles that offer amenities that our own do not and they are taking that market as well. So its not just democrats and black folks who "caused" the demise of Detroit.
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC] ..I also have a 427 Cobra replica with an aluminum chassis. |
#13
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But they're so much easier to blame.
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You're a daisy if you do. __________________________________ 84 Euro 240D 4spd. 220.5k sold 04 Honda Element AWD 1985 F150 XLT 4x4, 351W with 270k miles, hay hauler 1997 Suzuki Sidekick 4x4 1993 Toyota 4wd Pickup 226K and counting |
#14
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Quote:
Oh sure, we're glossing over the fact that it was a one-industry town, and no one had an incentive to diversify the economy, but... |
#15
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I hope everyone is paying attention to the sequence of events in Detroit. Unless SERIOUS steps are taken by the self serving idiots in DC, this is the same pattern that the country as a whole is following.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
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