General Discussion

Bunnahabhain

(857 posts)

9. What do you mean by "make it viable?"

Fri Aug 2, 2013, 07:16 PM

Aug 2013

I would tend to think it means to make it a going concern. "Going concern" is an accounting term that can be a little involved but it basically conveys the concept an organization will be able to continue operating on an indefinite basis. So based on what is available knowledge in the media, do you think if Detroit suddenly has all the billions in unsecured debt it owes paid off (what you propose), it would be able to continue operating as a functioning municipality? Do you think even if it owed $0.00 that it could take in enough revenue to meet its ongoing expenses?

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Should Detroit be bailed out? [View all] GiaGiovanni Aug 2013 OP

Define "bail out." Gidney N Cloyd Aug 2013 #1

Good question. GiaGiovanni Aug 2013 #2

What do you mean by "make it viable?" Bunnahabhain Aug 2013 #9

I'm guessing the answer is "no" unless they hike taxes to all time highs GiaGiovanni Aug 2013 #11

Taxes on who? Bunnahabhain Aug 2013 #15

OK. What is a good solution to this? GiaGiovanni Aug 2013 #17

No one wants a "good" solution Bunnahabhain Aug 2013 #26

So the vehicles are owned and fixed by a private concern? GiaGiovanni Aug 2013 #28

My example was not a solution Bunnahabhain Aug 2013 #30

So what do you feel the solution is? GiaGiovanni Aug 2013 #32

Parts of the solution were given in post #26 Bunnahabhain Aug 2013 #35

This was post 26 GiaGiovanni Aug 2013 #38

You need to read better. Bunnahabhain Aug 2013 #41

You need to make yourself clearer and not leave so much between the lines GiaGiovanni Aug 2013 #42

Dammit son Bunnahabhain Aug 2013 #44

Yes. Unless you agree with this: rug Aug 2013 #3

Was that New York? GiaGiovanni Aug 2013 #4

Yea, late 70s. rug Aug 2013 #7

I don't remember the ins and outs of that GiaGiovanni Aug 2013 #8

Very similar to Detroit. rug Aug 2013 #12

Thanks for the link! GiaGiovanni Aug 2013 #14

Detroit needs our help mick063 Aug 2013 #5

So, the plan is to let it go bankrupt and have (foreign) investors buy it GiaGiovanni Aug 2013 #6

No. mick063 Aug 2013 #16

That sounds more like a political platform than a plan GiaGiovanni Aug 2013 #20

Oh it is possible alright mick063 Aug 2013 #23

32 trillion is not coming back if it's offshore GiaGiovanni Aug 2013 #34

Detroit thrived for years mick063 Aug 2013 #46

That would mean reversing the last 40 years. GiaGiovanni Aug 2013 #47

They lost 60% of their population for starters hack89 Aug 2013 #48

Exactly! Bunnahabhain Aug 2013 #49

At this point, these measures are not enough it seems GiaGiovanni Aug 2013 #52

Bingo. Scuba Aug 2013 #37

Yes erpowers Aug 2013 #10

Good point GiaGiovanni Aug 2013 #13

Yes. Octafish Aug 2013 #18

Who would be in for a surprise? GiaGiovanni Aug 2013 #24

''Vulture'' Capitalists Strike Vulnerable Cities and Counties Octafish Aug 2013 #57

We're dealing with out-of-control criminality GiaGiovanni Aug 2013 #60

What does "bail out" mean? Bunnahabhain Aug 2013 #19

So how does one make Detroit viable? GiaGiovanni Aug 2013 #22

See my above reply to you. Bunnahabhain Aug 2013 #27

I saw them and I responded GiaGiovanni Aug 2013 #29

You did not understand my example. Bunnahabhain Aug 2013 #31

I guess not GiaGiovanni Aug 2013 #33

Ummm Bunnahabhain Aug 2013 #36

No, you just don't want to directly express your opinion openly GiaGiovanni Aug 2013 #39

You're laughable Bunnahabhain Aug 2013 #40

When you need call names, it means you're done GiaGiovanni Aug 2013 #43

Yes, obviously, I have nothing of value to add Bunnahabhain Aug 2013 #45

Borowitz suggested that Detroit should just declare itself to be a bank KamaAina Aug 2013 #21

That's pretty funny. GiaGiovanni Aug 2013 #25

Detroit can't be bailed out. kwassa Aug 2013 #50

So what is to be done? GiaGiovanni Aug 2013 #51

Unless There's Some Kind Of Economic Base... KharmaTrain Aug 2013 #53

Yes. If we can send a bazillion dollars to 'fill in the blank' we can bail Detroit out curlyred Aug 2013 #54

YES. JaneyVee Aug 2013 #55

By who? State of Michigan... possibly. Federal government... hell no. taught_me_patience Aug 2013 #56

No, it isn't. The GOP running the show here Union Scribe Aug 2013 #59

Yes. WinkyDink Aug 2013 #58

No. GlashFordan Aug 2013 #61