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#3295355 - 07/18/13 08:28 PM Re: Detroit files for bankruptcy [Re: Stalkhunter]
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16574
Loc: Tampa FL

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We are all going down...
_________________________
"The fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression."
--Thomas Jefferson
18 Trillion http://www.usdebtclock.org/

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#3295393 - 07/18/13 08:49 PM Re: Detroit files for bankruptcy [Re: FLTENNHUNTER1]
Cleburne
4 Point


Registered: 04/22/10
Posts: 282
Loc: Heart of Dixie

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Maybe Chicago will be next.
_________________________
“If we are to die, let us die like men!” General Cleburne, Battle of Franklin November 30, 1864.

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#3295464 - 07/18/13 09:31 PM Re: Detroit files for bankruptcy [Re: Cleburne]
Pic IN the Casa
TurdFarmer2.0
16 Point


Registered: 03/18/11
Posts: 10072
Loc: TN

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Build a wall around it and let them eat each other.
_________________________
Tolerance now means OBEY!!!!


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#3295467 - 07/18/13 09:32 PM Re: Detroit files for bankruptcy [Re: Crappie Luck]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19470
Loc: Knoxville-Dover-Union City, TN

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Sounds like Chicago is already technically bankrupt as well.

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#3295621 - 07/19/13 05:48 AM Re: Detroit files for bankruptcy [Re: Wes Parrish]
nodog
4 Point


Registered: 08/12/12
Posts: 297
Loc: Ohio

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And yet I read where profits are up, some close to 70% and the stock market had a good day.

A quote by Alexander Hamilton shins like a light on a hill. The same man and for obvious reasons wanted the constitution to stop At ..."the pursuit of happiness" no amendments. no bill of rights because he said nothing further needed written down said

"This country is here so the wealthy can make money off of it".

The raping of America continues. How can news of a major U.S. city going bankrupt not effect negatively the economy? I'll tell you how, our economy feeds off of the misery of others. This is good news to those who hold control of the countries wealth, so what if millions suffer, they'll make money off of it. The petty vulture sweeps in and buys up the misery of another for pennies (a foreclosed home) to sell it for a profit not giving one thought to the poor retch who just lost it, just think of the hand ringing the robber barons are doing at the thought of getting a major city are doing.

There was a time in this country when people would buy up foreclosed farms for pennies, but not for themselves, they gave it back to the poor soul who lost it. People looked out for each other.

A people cannot last living like this, the history of a people who are no more is a perfect example of it, it's the history of the Saxon's.
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Hello

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#3295651 - 07/19/13 07:11 AM Re: Detroit files for bankruptcy [Re: nodog]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19470
Loc: Knoxville-Dover-Union City, TN

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Nodog, the bigger problem is people who take little responsibility for themselves, and expect others to do for them, things for which they are very capable of doing for themselves, but unwilling.

How hypocritical is it for anyone to expect others to do for us what we are capable but unwilling to do for ourselves?

Too many people are too quick to blame others for their problems.

I guess it was Bush's fault Detroit went bankrupt?

Why are some cities thriving while some are bankrupt? What's are the differences?

 Originally Posted By: nodog
There was a time in this country when people . . . . . People looked out for each other.

Most people still do.
It's just that many people understand the difference between really helping someone (or a city) vs. enabling failure and dependence.

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#3295655 - 07/19/13 07:15 AM Re: Detroit files for bankruptcy [Re: nodog]
Crappie Luck Moderator
Non-Typical


Registered: 01/29/03
Posts: 62020
Loc: Smith Co.

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I completely disagree Nodog.

Capitalism is not to to blame for Detroit's or any other city's problems. Socialism and social engineering killed the cities just as they have killed the goose throughout history.

There is nothing wrong, evil or corrupt in private citizens taking risk and buying foreclosed homes to sell for profit. It takes those homes off the banks books and is some cases off the Govt.'s books (Fannie/Freddie).

The stock market is not the economy. The Stock market is just the stock market. It remains high due to $85 Billion per month of "New" money going to the big banks to invest. NONE of that goes to the "People"

"Life, LIberty and the pursuit of happiness" was written By Thomas Jefferson not Hamilton and is in the Declaration of Independence, Not the Constitution.

That text was originally "LIfe, Liberty and the Pursuit of PROPERTY" but even in the beginning, progressives and political correctness thought better to use softer, more FEELING text and changed it to "Happiness" \:\) Now isn't that sweet?

The battle of the federalists vs anti-federalist gave us the Constitution and Bill of rights. A series of their papers were printed in the Independent Journal to promote the ratification of the Constitution. The anti-federalists gave us the Bill of Rights as they believed ANY govt. to become tyrannical and there needed to be a list of rights to limit the Govt.'s power over the people.

Some famous anti-federalists were:

Thomas Jefferson
Patrick Henry
Samuel Adams
George Mason
_________________________
"To find out who your real rulers are, simply look to those whom you CANNOT criticize..."
--Voltaire

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#3295658 - 07/19/13 07:17 AM Re: Detroit files for bankruptcy [Re: Wes Parrish]
MUP
Non-Typical


Registered: 08/01/07
Posts: 46480
Loc: Just North of Chatt-town

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 Originally Posted By: Wes Parrish


Why are some cities thriving while some are bankrupt? What's are the differences?


Liberal leadership <cough> vs. Conservative leadership imo.
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3295667 - 07/19/13 07:24 AM Re: Detroit files for bankruptcy [Re: Crappie Luck]
Wes Parrish
16 Point


Registered: 06/12/02
Posts: 19470
Loc: Knoxville-Dover-Union City, TN

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 Originally Posted By: Crappie Luck
Capitalism is not to to blame for Detroit's or any other city's problems. Socialism and social engineering killed the cities just as they have killed the goose throughout history.

Exactly.
In fact, it was capitalism that made Detroit great economically. Socialism bankrupted the city by running off Capitalism.
Capitalism creates wealth; socialism does not.

It's not that some aspects of limited socialism aren't good, but just a fact that too much socialism is very counter-productive to any society, and all socialism reduces economic output.

There has to be a balance.
For thousands of years, wise people have stated 10% of one's resources was a good number to give to the less fortunate. When governments have stepped in and forced a higher number, we see the path of Detroit's economy, and poorer, not wealthier citizens.

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#3295698 - 07/19/13 07:59 AM Re: Detroit files for bankruptcy [Re: Wes Parrish]
Wildcat
Non-Typical


Registered: 06/10/00
Posts: 42706
Loc: Western Ky.

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Guess who is going to take the biggest hit from this.

The retired city employees.

the city owns them $9 BILLION and now they will only get 10 cents on the dollar.

But not to worry, Obama will come though and pay the $9 BILLION with US taxpayer money.
_________________________
Obama, “the very danger the Constitution was designed to avoid." Liberal law professor Jonathan Turley.




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