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Forum Post: Another city bites the financial dust ....Detroit !

Posted 2 years ago on July 18, 2013, 7:10 p.m. EST by bidask (3)
This content is user submitted and not an official statement

Where does the fault lie?

Bad management?

Bad labor contracts?

Bad politics?

Sucker lenders?


You cannot pay people money you do not have.



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[-] 2 points by bidask (3) 2 years ago

Leaders of public sector unions and municipal retirees around the nation will be focused on whether Detroit is permitted to slash pension benefits, despite a provision in the State Constitution that union leaders say bars such cuts.


[-] -1 points by TikiJ (-38) 2 years ago

You cannot pay people when all the jobs are shipped out either.

Funny your post doesnt mention offshoring.

[-] -1 points by Moonbat (-37) 2 years ago

“I wasn’t going to let Detroit go bankrupt. Or Toledo go bankrupt. Or Lordstown go bankrupt. I bet on American workers,”

Funny how things change after an election.