detroit bankrupt pensioners to get $0.16 on a dollar

Discussion in 'The Howard Stern Show' started by R.P. McMurphy, Dec 3, 2013.

  1. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...wow thats fucked up. 16 cents on a dollar? i saw a fireman on disability that got hurt when a roof collapsed, hes disabled and they want to cut his shit off.

    http://www.reuters.com/article/2013/12/03/us-usa-detroit-bankruptcy-judge-idUSBRE9B20PZ20131203

    (Reuters) - A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders.
     
  2. WillyBest

    WillyBest Achiever Gold

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    Second post!
     
  3. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    It's funny how we hear vet pay, pensions, and social security can go bankrupt but welfare apparently can't.
     
  4. WillyBest

    WillyBest Achiever Gold

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    Go Browns!
     
  5. chuk

    chuk Well-Known Member

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    Does this mean I can buy a car for 84% off?
     
  6. k4D3t

    k4D3t Reverse Apache Master VIP

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    That is messed up. Is the mayor cutting his salary 84% ?
     
  7. Pembroke36

    Pembroke36 Well-Known Member VIP

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    :artiejj: Yeah right.
     
  8. hillbilly

    hillbilly Well-Known Member Banned User

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    This will only be the start of it. City after city that has been raped and mismanaged will file bankruptcy.....after all, it is only people that actually worked that are getting fucked. Obongo said Detroit would not go bankrupt, he saved it.
     
  9. PI Nate

    PI Nate Disenfranchised since 1984... Gold

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    [​IMG]
     
  10. Kool

    Kool Well-Known Member

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    Like everything else blame it on Obama :rolleye:
     
  11. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    You mean promises of riches to be had working for government aren't true? You mean promises of politicians to "take care of you later" aren't true? You mean you can't vote yourself fat benefits even though the system can't afford them? You mean running massive deficits for decades actually causes a city to go bankrupt? I thought deficit spending led to prosperity?

    They're luckier than some will be in the future. They got 16%.
     
  12. hillbilly

    hillbilly Well-Known Member Banned User

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  13. wigtropolis

    wigtropolis Well-Known Member

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    time to buy some real estate in detroit!
    [​IMG]
     
  14. John Smith

    John Smith Well-Known Member VIP

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    Good point, Kool, Detroit was not exactly on the road to success and prosperity before Obama.

    By the way, there's some douchebag constantly calling political talk shows calling Obama "Obongo". Same voice every time. Is that you hilbilly? Because whoever it is sounds like a moron.
     
  15. hillbilly

    hillbilly Well-Known Member Banned User

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    definitely not me!

    "Just a few years ago, the auto industry wasn't just struggling - it was flatlining," Mr. Obama said. "GM and Chrysler were on the verge of collapse. Suppliers and distributors were at risk of going under. More than a million jobs across the country were on the line - and not just auto jobs, but the jobs of teachers, small business owners, and everyone in communities that depend on this great American industry."
    His administration, he argues, "refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way."
     
  16. datchguy

    datchguy New Member Banned User

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    [video=youtube;H3XFq4wFVb0]http://www.youtube.com/watch?v=H3XFq4wFVb0[/video]

    Relevant to the topic at hand.
     
  17. Dump Button

    Dump Button Former Mall Security Guard

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    Cleveland on deck

    Buffalo in the hole
     
  18. cia212

    cia212 Well-Known Member VIP

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    No doubt.
     
  19. John Smith

    John Smith Well-Known Member VIP

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    Okay, sorry, just checking…and I agree that Obama is full of shit. BUT Detroit has been on the road to hell for years.
     
  20. PI Nate

    PI Nate Disenfranchised since 1984... Gold

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    Almost 50 years of Democratic rule has that effect...:coffee: