Thread: BIDEN: FEDS MIGHT BAIL OUT DETROIT

BIDEN: FEDS MIGHT BAIL OUT DETROIT




by TONY LEE
20 Jul 2013,

Vice President Joe Biden said on Friday that the White House might bail out Detroit. He said White House officials held a meeting on Thursday to discuss the matter after Detroit became the largest city in U.S. history to file for bankruptcy.

"Can we help Detroit?" Biden said. "We don't know at this point."

A day after Detroit filed for bankruptcy, a circuit court judge on Friday ordered the filing to be withdrawn, arguing it violated a part of Michigan's constitution that protects union pensions. The judge also said she would send a copy of her ruling to President Barack Obama, whom she said the filing dishonored.

She also predicted Obama would have a role in Detroit's ultimate fate. Michigan's attorney general is appealing the ruling and has asked that the process be expedited.

Obama had said he would refuse "to let Detroit go bankrupt" on the campaign trial in 2012.

http://www.breitbart.com/Big-Governm...il-Out-Detroit

MSNBC Political “analyst”: Detroit is what happens when government is too small

Posted by: David Rufful July 19, 2013 92 Comments

Melissa Harris Perry On Detroit: “What It Looks Like When Government Is Small Enough To Drown”

http://youngcons.com/msnbc-political...-is-too-small/



I don't know if the video will work...but listed below are a few more of her statements...She appears to be giving Pelosi a "run for her money"!!!

Now That Detroit’s Gone Bust, Is Your City Next?

Submitted by Tyler Durden on 07/20/2013 21:18 -0400

Submitted by F.F. Wiley via Cyniconomics blog,

Detroit’s bankruptcy filing is one depressing read. Poverty, crime, blight – you name the malady and there’s plenty of data to back it up. And unfortunately, Detroit’s not alone. You may be wondering which city hits the wall next.

I’m not making predictions, but I’ve looked at one indicator that may offer some clues: population loss.

As any good Ponzi Schemer will tell you, your future looks much better when there are more people moving in than moving out. Once the population change turns negative, a vicious circle can take hold, and that’s exactly what we saw in Detroit.
In addition to spending excesses and mismanagement, the city’s financial problems stem from the challenges of downsizing infrastructure as quickly as the tax base contracts.

Here are a few lowlights from the bankruptcy declaration:

• The average cost to demolish an abandoned building – of which Detroit has about 78,000, or 20% of the housing stock – is approximately $8500.
• Of about 11,000 to 12,000 fires each year, approximately 60% occur in abandoned buildings.
• The city closed 210 parks in fiscal year 2009 and recently announced that 50 of the remaining 107 parks were slated for closure.
• The city’s Public Lighting Department is able to keep only about 60% of the approximately 88,000 street lamps in operation.
• The Detroit courts’ case clearance rates have been running at only 18.6% for violent crimes and 8.7% for all crimes.
• Only 10 to 14 of the city’s 36 ambulances were in service in the first quarter of 2013.

And now for a look at other cities that are battling severe population loss. Here are the top 15, ranked by the decline from each city’s population peak, according to the decennial U.S. census:



And here are the top 15 ranked by the percentage decline (for this list, I required a population of at least 125,000 in or before 1960):



Nine cities have the dubious distinction of making both “top 15” lists. For these cities, I’ve added charts showing population histories using all of the data I could find. There’s one chart each for the Midwest, Northeast and South (and if you’re looking for St. Louis, I went with the last Missouri accent that I’ve heard – definitely a drawl):






The rate of population decline in most of these cities was at least slower from 1980 to 2010 than it was from 1950 to 1980 (Detroit was one of the exceptions). Nonetheless, they’ll need to manage the exodus more carefully than Detroit did to avoid the same fate.

Other links

Here are links to a few interesting Motor City photo galleries, from Time, Zero Hedge (via the NY Daily News) and the BBC (where I sourced the photo above).

http://www.zerohedge.com/news/2013-0...your-city-next

IF YOU THINK DETROIT IS BAD JUST WAIT TO SEE WHAT HAPPENS IF THESE TWO COMMIES TAKE OFFICE

July 19, 2013 - 9:30 AM


- See more at: http://www.cnsnews.com/news/article/....oguUySVZ.dpuf


Pelosi on Hillary, Biden in 2016: ‘Aren’t We Blessed with Such a Great Supply of Riches?’

Posted on July 19, 2013 by Cowboy Byte

Read more: http://cowboybyte.com/23166/pelosi-o...#ixzz2Znf6LyKK









House Minority Leader Nancy Pelosi (D-Calif.) said her party is “blessed with such a great supply of riches” since Hillary Clinton and Joe Biden are rumored to be running for president in 2016.

“They’re both wonderful,” she said Friday. “Aren’t we blessed with such a great supply of riches?”
When asked during a press conference on Capitol Hill who she thinks the Republicans should put on the ballot in the next presidential election, Pelosi said she is more concerned about the work in Congress, because “we don’t have any results to show the American people.”

Continue Reading on www.cnsnews.com

Read more: http://cowboybyte.com/23166/pelosi-o...#ixzz2ZnfBDrTa


Everybody Duly Impressed????