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Detroit goes Broke

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https://www.deseretnews.com/article/865583324/Detroit-files-for-bankruptcy.html

On Thursday, Detroit became the largest city in American history to file for bankruptcy.

The bankruptcy was filed in the Eastern District of Michigan by Kevyn Orr, a bankruptcy expert. According to CNBC, Orr was hired by the state in March to attempt to resolve the city's financial woes in an out-of-court restructuring. However, these attempts were rejected by bondholders and creditors, leading to today's filing.

The Deseret News reported last fall on how municipalities across the country have faced increased employee benefit and pension costs, and decreasing tax bases. But Detroit's economic picture is by far the bleakest. Detroit's budget deficit is believed to be more than $380 million, and long-term debt may be as high as $17 billion to $20 billion. Detroit's tax base has also been decimated as the city lost a quarter-million residents between 2000 and 2010. In 1950, Detroit's population was near 2 million. Today, it is around 700,000.
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Somehow I read "Detroit goes Burke" when I browsed through this forum. Was interested what that'd mean. Now I'm kinda disappointed...
 
Hack said:
Ya, then they move here and tell us how crappy it is here and how great it was where they came from
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To which I tell them to either go back where they came from or shut up or that if it was so great then why did they leave? That usually stumps them. People have the habit of trying to turn their new enviroment into their old one. Regardless of wether they liked the old one or not. All about comfort and familiarity = comfort.
 
I read an article recently about how Detroit had to cut almost all their funding for animal shelters - it's literally like 4 guys now for the whole city working out of a van. As a result, packs of abandoned and stray pit bulls have taken over entire streets where it's impossible to get out of your car (not that you'd want to) in some areas without risking your life.
 
Stoked said:
To which I tell them to either go back where they came from or shut up or that if it was so great then why did they leave? That usually stumps them. People have the habit of trying to turn their new enviroment into their old one. Regardless of wether they liked the old one or not. All about comfort and familiarity = comfort.
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We need to secure the border. By keeping people from crossing the continental divide we can save our selves from those good for nothing easterners.
 
heyhey said:
We need to secure the border. By keeping people from crossing the continental divide we can save our selves from those good for nothing easterners.
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Who knew people in CA and NV were easterners? Learn something every day...
 
candrew said:
I read an article recently about how Detroit had to cut almost all their funding for animal shelters - it's literally like 4 guys now for the whole city working out of a van. As a result, packs of abandoned and stray pit bulls have taken over entire streets where it's impossible to get out of your car (not that you'd want to) in some areas without risking your life.
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If it is that bad than create open season on pit bulls in clearly defined areas and grab about 40 guys from LA or AR and bring them up. Done.
 
Stoked said:
They are all moving to places like UT, AZ, TX from places like CA, MI, NV.
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Hack said:
Ya, then they move here and tell us how crappy it is here and how great it was where they came from
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Stoked said:
To which I tell them to either go back where they came from or shut up or that if it was so great then why did they leave? That usually stumps them. People have the habit of trying to turn their new enviroment into their old one. Regardless of wether they liked the old one or not. All about comfort and familiarity = comfort.
Click to expand...

heyhey said:
We need to secure the border. By keeping people from crossing the continental divide we can save our selves from those good for nothing easterners.
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Stoked said:
Who knew people in CA and NV were easterners? Learn something every day...
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heyhey said:
Detroit isn't in Cali.

Don't mind mind CA or NV. **** people from NY,NJ,OH,MI,MS,FL,IN etc.
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I'm following the flow of the thread. What are you following?
 
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