General Discussion

badtoworse

(5,957 posts)

110. Let's say the state and / or the feds bailed out Detroit. The current debt is about $15 billion

Wed Dec 4, 2013, 10:49 AM

Dec 2013

Detroit would still need help even if that were wiped out, so there would be costs going forward. If those things were done, there would be a steady parade of municipalities looking for the federal government to bail them out too. The federal government doesn't have the money to save all of our cities with fiscal problems without cutting its spending somewhere else. The same argument applies to the state. In short, neither the feds nor the states can afford to set the precedent you are describing.

I haven't seen any Democratic leaders pushing to help Detroit either. Perhaps it's not really a partisan issue, but a fiscal one that is recognized on both sides of the aisle.

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if you ran detroit what would you do [View all] rdking647 Dec 2013 OP

default... let the court decide beachbum bob Dec 2013 #1

Get out of Dodge n/t doc03 Dec 2013 #2

I was going to post "Run FROM Detroit". n/t cherokeeprogressive Dec 2013 #5

I am a Gunsmoke fan n/t doc03 Dec 2013 #17

nuke it from orbit. loli phabay Dec 2013 #3

I know you think this is a joke gollygee Dec 2013 #13

reference, movie aliens loli phabay Dec 2013 #15

Ah gollygee Dec 2013 #18

It's the only way to be sure Fla_Democrat Dec 2013 #66

Game Over man......Game Over..... NM_Birder Dec 2013 #114

"In that context, this whole thread really sucks." Wait Wut Dec 2013 #25

This message was self-deleted by its author oldhippie Dec 2013 #87

Beg. Wait Wut Dec 2013 #4

Its okay. mstinamotorcity2 Dec 2013 #45

Bankruptcy is the only option and everyone will get a haircut. badtoworse Dec 2013 #6

My list RandySF Dec 2013 #7

You and I would agree on most things, I think. Wait Wut Dec 2013 #16

The $13B JP Morgan settlement will help with nos. 3 & 5 frazzled Dec 2013 #24

I like all those, Randy. I watched the Bourdain piece also. There is a ton of potential there. CurtEastPoint Dec 2013 #34

But how do you solve the current crisis rdking647 Dec 2013 #61

Right now RandySF Dec 2013 #65

If there's no money for transit, encourage neighborhood entrepreneurs Lydia Leftcoast Dec 2013 #83

At Tue Dec 3, 2013, 02:50 PM an alert was sent on the following post: In_The_Wind Dec 2013 #8

WTH? Wait Wut Dec 2013 #9

We seem to have some very confused DUers around today. In_The_Wind Dec 2013 #10

I blame tired hands and failing eyesight myself. loli phabay Dec 2013 #11

That's my excuse at the end of most days. In_The_Wind Dec 2013 #26

Porn killed Detroit? Wait Wut Dec 2013 #12

There is porn everywhere! In_The_Wind Dec 2013 #23

well something like forty percent of all internet searches are for porn loli phabay Dec 2013 #27

I've done my share of searching today. In_The_Wind Dec 2013 #30

Holy crap. Wait Wut Dec 2013 #28

lol, its probuably the reason why the internet has grown, much the same as video in the past. loli phabay Dec 2013 #54

That alert was not sent because of the right-wing nature of the post KamaAina Dec 2013 #29

I agree ... call outs aren't allowed. In_The_Wind Dec 2013 #31

That was quite possibly the worst alert ever. Agschmid Dec 2013 #63

I'm not very good at alerting on a post. In_The_Wind Dec 2013 #70

One thing you don't do is ... frazzled Dec 2013 #14

question is, are the people who live in Detroit willing to sacrifice to make it work loli phabay Dec 2013 #21

how about I answer that for you. mstinamotorcity2 Dec 2013 #41

thanks for the answer, was just wondering if people feel its worth saving detroit as a city loli phabay Dec 2013 #47

Duh!!!!!!! mstinamotorcity2 Dec 2013 #55

honestly, dont feel either way about it, was just wondering if the city is in the death throes loli phabay Dec 2013 #56

Death Throes??????? mstinamotorcity2 Dec 2013 #57

no idea what you mean, dont watch tv other than some shows loli phabay Dec 2013 #58

unincorporate... the land would be a nice moose preserve...nt quadrature Dec 2013 #19

Invade Canada? Rex Dec 2013 #20

Resign, you've botched it up. nt bemildred Dec 2013 #22

Head south to Canada. n/t OnlinePoker Dec 2013 #32

Give it back to France or Britain. Tierra_y_Libertad Dec 2013 #33

I said this years ago, and I stand by it. It should be bulldozed into Lake Michigan, and start over. Savannahmann Dec 2013 #35

You think the physical land is the problem? gollygee Dec 2013 #36

That would be a neat trick indeed KamaAina Dec 2013 #39

Good mstinamotorcity2 Dec 2013 #42

lol, i know nothing of the geography of the area. loli phabay Dec 2013 #48

Here you go KamaAina Dec 2013 #49

lol, its a hell of an engineering job, but were there is a will there is a way, i suppose. loli phabay Dec 2013 #51

You must be a teacher. mstinamotorcity2 Dec 2013 #59

Thank you for correcting my ignorance Savannahmann Dec 2013 #62

This message was self-deleted by its author End Of The Road Dec 2013 #100

AIG got $182 Billion Bailout. Octafish Dec 2013 #37

BK stops the lawsuits Yo_Mama Dec 2013 #38

I'd have Bixby Snyder buy up all of the houses for a dollar Capt. Obvious Dec 2013 #40

annex canada--they seem to be doing ok dembotoz Dec 2013 #43

shut down all Niceguy1 Dec 2013 #44

That was my first thought. Shut it down. n/t RebelOne Dec 2013 #85

fire police sanitation Niceguy1 Dec 2013 #89

First we would start with a country that gives a shit about its heritage and people. Starry Messenger Dec 2013 #46

this country is used mstinamotorcity2 Dec 2013 #72

Explore a merger with Wayne County KamaAina Dec 2013 #50

I like that idea rdking647 Dec 2013 #60

Excellent suggestion! Kaleva Dec 2013 #77

you have all this infrastructure in place--streets, sewers etc dembotoz Dec 2013 #52

Fight for single payer healthcare which is what sent the jobs to Canada! KurtNYC Dec 2013 #53

It's a terrible situation CFLDem Dec 2013 #64

Use an alias and avoid photographers. lpbk2713 Dec 2013 #67

Make sure that every Wayne County resident is registered to vote. longship Dec 2013 #68

Send the "emergency manager" back to Lansing in tar and feathers... First Speaker Dec 2013 #69

lots of stuff backwoodsbob Dec 2013 #71

Good post Boom Sound 416 Dec 2013 #74

Don't have to worry about mstinamotorcity2 Dec 2013 #75

good post melm00se Dec 2013 #108

I'd repeat the positive, relevant and germane actions of mid-seventies NYC. LanternWaste Dec 2013 #73

The state created the Muncipal Assistance Corp ("MAC") that issued bonds on the city's behalf. badtoworse Dec 2013 #76

That was one of four stages of financial strategy. LanternWaste Dec 2013 #78

It was the most important because it gave the city some liquidity. badtoworse Dec 2013 #80

Have a big old party with drugs and booze and hookers. Hassin Bin Sober Dec 2013 #79

Fiscally, I doubt you could do a worse job and at least your approach sounds like fun badtoworse Dec 2013 #82

Good OP Boom Sound 416 Dec 2013 #81

I think this is a job for the Federal Governement. hunter Dec 2013 #84

Not on my dime. nt Demo_Chris Dec 2013 #91

Because a nuclear powered aircraft carrier is so much better... hunter Dec 2013 #92

Wow abelenkpe Dec 2013 #101

We bailed out NYC in the 1970s; there is precedent jmowreader Dec 2013 #95

I would ask from people here on DU for advice. CTyankee Dec 2013 #86

ok but how.... rdking647 Dec 2013 #93

I'd prolly look at the history of NYC during its looming threat of bankruptcy CTyankee Dec 2013 #94

borrow some money from California JI7 Dec 2013 #88

Subdivide it along the major freeways and avenues into about 14 cities of 10 square miles each. FarCenter Dec 2013 #90

I would start putting the money for pensions in a lock box. B Calm Dec 2013 #96

What would that accomplish and what makes you think the bankruptcy judge would allow it? badtoworse Dec 2013 #97

We do have national labor laws, and if one party negotiated in bad faith, B Calm Dec 2013 #99

Bad faith has nothing to do with it. Detroit is broke. badtoworse Dec 2013 #102

put your head in the sand Puzzledtraveller Dec 2013 #98

No offense but this is exactly how state republicans want you to frame the question. last1standing Dec 2013 #103

What would you prosecute the banks for? badtoworse Dec 2013 #104

Certain banks are withholding money due the city in the form of taxes and other fees. last1standing Dec 2013 #105

The city can file a tax lien and then foreclose on the property badtoworse Dec 2013 #106

Most likely because the city doesn't have the funds to deal with an onslaught of new property. last1standing Dec 2013 #107

Let's say the state and / or the feds bailed out Detroit. The current debt is about $15 billion badtoworse Dec 2013 #110

Ah yes, the old "if we give to one, they'll all want it" excuse. last1standing Dec 2013 #113

As a country, we have many homeless people and others living at or below the poverty level. badtoworse Dec 2013 #118

If you see Detroit as an island and refuse to see how outside forces such as state gov. aided this.. last1standing Dec 2013 #119

Detroit is not an island, it is an independent municipal jurisdiction entity .... oldhippie Dec 2013 #121

theres no way the state will loan them money rdking647 Dec 2013 #109

And there's no way I would be in charge of Detroit so we're both posting hypotheticals. last1standing Dec 2013 #111

As I see it, the situation is hopeless. badtoworse Dec 2013 #112

Legalize pot and tax the hell out of it n2doc Dec 2013 #115

i think every place shoudl legalize it rdking647 Dec 2013 #116

Turn the whole city into a cooperative. ananda Dec 2013 #117

How, exactly, would that work? oldhippie Dec 2013 #120

Tax. Orsino Dec 2013 #122