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Krixtal Icefluxor
INLAND EMPIRE Galactic
22628
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Posted - 2013.07.19 11:33:00 -
[1] - Quote
Detroit has approx 700,000 citizens as we speak, down from around 1.8 million in the late 1960's.
All those city employees who were working back then are now retired and of course deserve all their retirement pay, but it's too much to be funded by the current dearth of population, thus the bankruptcy.
The amazing thing is they have been trying to sell artworks from their city art institutions to pay for this issue. Sorry, that's not how it works Detroit.
Those works can only be sold to buy other works of art. You don't sell your cultural treasures to fund correcting the mistakes made by decades of corruption and monetary squandering.
Bankruptcy is the only way to go.
Stockton, CA,............. Detroit, MI.....................next. And there will be a next. It ain't over. |
Krixtal Icefluxor
INLAND EMPIRE Galactic
22633
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Posted - 2013.07.19 12:08:00 -
[2] - Quote
"The Chicago public school district announced Thursday that it was laying off about 2,100 teachers and support staff GÇö a figure more than twice as large as the teachers union head was expecting and one the district blamed on the Legislature's failure to reach a deal on pension reform."
""We were hoping to get pension reform in Springfield," she said. "That did not happen. That has brought the pension crisis to the doorstep of our schools," she said."
"Thursday's announcement came as lawyers for the nation's third-largest school district were in a federal courtroom defending Chicago's plan to shutter some 50 schools."
http://www.sfgate.com/news/article/Chicago-Public-Schools-announce-layoff-of-2-110-4673772.php
....."and there will be a next". |
Krixtal Icefluxor
INLAND EMPIRE Galactic
22644
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Posted - 2013.07.19 13:25:00 -
[3] - Quote
Slade Trillgon wrote:I love that there is no mention of cutting any of the salaries of elected city officials in half 
That's not the problem, as they are already down to skeleton staff.
They need to track down the original perpetrators of the corrupt system that led to this.
But as most of those city officials were in their 40s and 50s in the 1970s and 1980s, most of them are 'not with us any longer'.
Since they are safely in the ground, all Detroit can do is re-structure and move on at this point. |
Krixtal Icefluxor
INLAND EMPIRE Galactic
22652
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Posted - 2013.07.19 13:48:00 -
[4] - Quote
Teinyhr wrote:Krixtal Icefluxor wrote:They need to track down the original perpetrators of the corrupt system that led to this. Whoever invented capitalism died hundreds if not thousands of years ago.
Good point. |
Krixtal Icefluxor
INLAND EMPIRE Galactic
22715
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Posted - 2013.07.19 15:25:00 -
[5] - Quote
Slade Trillgon wrote:
But are the salaries and post employment perks of the remaining truly reasonable?
Even if not, this point would only be a drop in the financial bucket of what went wrong there including costs of now long-ignored infrastructure and accumulated debt from other internal processes. And hidden payments, bribes, and funneled monies. Ad infinitum. |
Krixtal Icefluxor
INLAND EMPIRE Galactic
22716
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Posted - 2013.07.19 16:07:00 -
[6] - Quote
Also, they need to look at all the Corporations based in Detroit that avoid paying taxes and "super-fund" their CEO's.
I'm sure there is enough money involved on those 2 points to have saved the City. |
Krixtal Icefluxor
INLAND EMPIRE Galactic
24985
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Posted - 2013.07.26 16:08:00 -
[7] - Quote
If this is the level of discussion about Detroit on a gaming forum, I can just imagine how disastrous the talks are going amongst the leaders of Detroit itself.
No wonder it's tanking, and fast. |
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