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Detroit Free Press: Detroit prepares to file for bankruptcy as soon as Friday

#11BvWJpEq5yPosted 7/18/2013 11:56:05 AM
Monolith1676 posted...
I'll take "Failed Democrat Policies" for 1000 Alex.

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http://i.imgur.com/EJvYcTv.jpg http://i.imgur.com/jXRMV.jpg http://i.imgur.com/iqCVXy0.jpg
#12chaos knightPosted 7/18/2013 11:59:34 AM(edited)
I imagine this will start a chain reaction amongst other high profile, heavily debt burdened cities. In Detroit's case, it was doomed to fail as soon as the auto industry started failing and people that could afford to do so started fleeing the city in droves. I'd hate to be a resident there right now (or really the past few decades).
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Seattle sports, yo
#13BvWJpEq5yPosted 7/18/2013 11:59:36 AM
Auto industry which failed thanks to unions who prevented car companies from innovating.
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http://i.imgur.com/Bkwc2uI.jpg http://i.imgur.com/Xomi5PW.jpg
http://i.imgur.com/EJvYcTv.jpg http://i.imgur.com/jXRMV.jpg http://i.imgur.com/iqCVXy0.jpg
#14Heineken14Posted 7/18/2013 12:02:36 PM
BvWJpEq5y posted...
Auto industry which failed thanks to unions who prevented car companies from innovating.


Are you sharing one of your derpy alts with Fails?
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Rage is a hell of an anesthetic.
#15Monolith1676Posted 7/18/2013 12:03:21 PM
BvWJpEq5y posted...
Monolith1676 posted...
I'll take "Failed Democrat Policies" for 1000 Alex.


Hey, how's it going?
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XBOX Live GT: For Blood
Gears of War 1 Assassination Legend
#16BvWJpEq5yPosted 7/18/2013 12:06:16 PM
Good. Eating subway before I head to court for a last minute hearing on a case that got referred to us this morning.
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http://i.imgur.com/Bkwc2uI.jpg http://i.imgur.com/Xomi5PW.jpg
http://i.imgur.com/EJvYcTv.jpg http://i.imgur.com/jXRMV.jpg http://i.imgur.com/iqCVXy0.jpg
#17chaos knightPosted 7/18/2013 12:06:33 PM
You do have to admit, the massive amount of pension obligations did play some part. It does show a danger when public sector unions get too large and powerful in a declining city.
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Seattle sports, yo
#18Monolith1676Posted 7/18/2013 12:20:23 PM
Hope you win. I have a good question for you. What do all cities that have filed for bankruptcy have in common?
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XBOX Live GT: For Blood
Gears of War 1 Assassination Legend
#19Magus1947Posted 7/18/2013 12:23:10 PM
They tried to run government like a business.
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In the corrupted currents of this world, offence's gilded hand may shove by justice, and oft 'tis seen the wicked prize itself buys out the law
#20Monolith1676Posted 7/18/2013 12:27:38 PM
You get half credit, but that was not the answer I was looking for.
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XBOX Live GT: For Blood
Gears of War 1 Assassination Legend