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#1 Edited by PowerHerc (81712 posts) - - Show Bio

A sad day for America.

Detroit, Michigan, which was once considered the forge of democracy & the automotive capital of the world, has filed for Chapter 9 Bankruptcy. The city is a staggering $18 billion in debt.

It's no surprise. This once shining jewel of industry has been in decline for literally decades as manufacturing jobs were continually exported, corruption of city officials became the norm and crimes rates soared. At it's peak, around 1950, Detroit had a population of approximately 1.8 million people. Now it's population is around 700,000 and declining. Detroit is dieing.

#2 Posted by InnerVenom123 (29499 posts) - - Show Bio

Sucks.

#3 Posted by Supreme Marvel (11264 posts) - - Show Bio

Maybe they should just reboot the money world. No one owns no one no money. At worst, the rich will suffer most. I'm okay with that.

#4 Posted by consolemaster001 (4987 posts) - - Show Bio

Wow.

#5 Posted by Xanni15 (6758 posts) - - Show Bio

lol

#6 Posted by AssertingValor (5382 posts) - - Show Bio

My birth city, good thing i moved to the westside

#7 Edited by _Braveheart_ (1502 posts) - - Show Bio

Not good.

#8 Edited by Strongarm (5857 posts) - - Show Bio

The bank fked them over

#9 Posted by BiteMe-Fanboy (7601 posts) - - Show Bio

Not really surprised...

Sucks though.

#10 Edited by twitchy_tail (23 posts) - - Show Bio

Now the news is talking about Cleveland being next...I need to move... -.-

#11 Edited by Edamame (27996 posts) - - Show Bio

Not good.

: /

#12 Posted by Cezar_TheScribe (2614 posts) - - Show Bio

Maybe they should just reboot the money world. No one owns no one no money. At worst, the rich will suffer most. I'm okay with that.

Not at all. We just need money that is backed by gold and silver.

#13 Posted by Lady_Liberty (8211 posts) - - Show Bio

This has been coming for a long, long, long time. Even after bankruptcy Detroit is likely to find itself spiraling back down into increasing levels of debt. But bankruptcy should buy them a temporary respite and a short resurgence of perhaps five years to a decade at most.

#14 Posted by Cezar_TheScribe (2614 posts) - - Show Bio

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

#15 Posted by Lady_Liberty (8211 posts) - - Show Bio

The judge has just rejected the bankruptcy filing.

#16 Posted by DeathpooltheT1000 (9601 posts) - - Show Bio

You know what is next right?

Robocop, is you remember Robocop said this was going to happen.

#17 Edited by Ohgawd (128 posts) - - Show Bio

That's what happens when you let democrats run your city.

#18 Posted by Pyrogram (35149 posts) - - Show Bio

This was always going to happen sooner or later

#19 Posted by Pyrogram (35149 posts) - - Show Bio

The judge has just rejected the bankruptcy filing.

They can do that? woah

#20 Posted by Lady_Liberty (8211 posts) - - Show Bio

@pyrogram: Of course lol. You can't just say 'Oh I'm bankrupt and I'm not gonna pay my bills lololololololz'.

#21 Posted by Pyrogram (35149 posts) - - Show Bio
#22 Posted by Lady_Liberty (8211 posts) - - Show Bio

@pyrogram: Detroit? No. The judge rejected the bankruptcy on the grounds the city intended to cease and/or greatly reduce pension payments. We'll see where the appeal goes.

#23 Posted by kuonphobos (4884 posts) - - Show Bio

I wonder how much this has to do with the fundamental changes in society? Like what the internet has done to the US Postal System or what Wal-Mart (an to be fair other "superstore chains) has done to small scale local "mom and pop" stores. "Progress" always has a cost to the status quo.

And unions. =)

#24 Posted by Pyrogram (35149 posts) - - Show Bio
#25 Posted by Lady_Liberty (8211 posts) - - Show Bio

@pyrogram: Indeed. This could be a ground breaking case. It will probably end up before SCOTUS. If cities can file bankruptcy to avoid pension payments it will become a much more attractive option.

@kuonphobos: Quite a bit. Globalization hasn't been kind to Detroit.

#26 Posted by kuonphobos (4884 posts) - - Show Bio

We will also begin to hear calls for a bailout.

NYC was bailed out in the 1960s.

#27 Posted by turoksonofstone (13199 posts) - - Show Bio

http://www.youtube.com/movie/detropia

#28 Posted by TheAuroraChild (85 posts) - - Show Bio

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Take your ignorance somewhere else.

#29 Posted by joshmightbe (24697 posts) - - Show Bio

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Did you miss the last 40 or so years when Detroit has been pretty much unanimously considered a hell hole by everyone other than ICP and Kid Rock?

#30 Edited by russellmania77 (14624 posts) - - Show Bio

Idgaf

#31 Posted by JediXMan (29681 posts) - - Show Bio

Maybe they should just reboot the money world. No one owns no one no money. At worst, the rich will suffer most. I'm okay with that.

In theory, that's a good idea. In practice, nobody would agree to it.

Online
#32 Posted by Cezar_TheScribe (2614 posts) - - Show Bio

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Did you miss the last 40 or so years when Detroit has been pretty much unanimously considered a hell hole by everyone other than ICP and Kid Rock?

I don't care what those people have to say.

I knew what it was when I saw the pictures.

The Abandoned City of Detroit - Photography: Zach Fein

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Take your ignorance somewhere else.

There's no ignorance on my part.

I have seen pictures and video of Detroit then and now.

#33 Edited by AweSam (7373 posts) - - Show Bio

@joshmightbe: He was only born seven years ago.

This was inevitable. Really sucks since a lot of people are going to lose their jobs. The last thing Detroit needs is less police and angrier citizens.

#34 Posted by PowerHerc (81712 posts) - - Show Bio

Detroit is the biggest municipality to go bankrupt so far but it won't be the last. This could just be the start of a new trend of cities who've mismanaged their finances for generations going bankrupt.

It could even be preview of what happens when the U.S. federal government defaults on the national debt. Of course that will have nationwide and worldwide fallout.

#35 Posted by pooty (10842 posts) - - Show Bio

@powerherc: What happens and what changes when an entire city goes bankrupt?

#36 Edited by SheenLantern (6263 posts) - - Show Bio

@supreme_marvel said:

Maybe they should just reboot the money world. No one owns no one no money. At worst, the rich will suffer most. I'm okay with that.

How about we just get rid of money all together.

We have enough resources for everyone, the only problem is that most people can't afford it.

#37 Posted by King Saturn (223834 posts) - - Show Bio

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Dang... so you are a Crazy Religious Person and a Casual Racist too eh ? Boy you is one Hot Sucka !

#38 Posted by blkson (785 posts) - - Show Bio

Wow. That city has been plummeting for decades. I never thought it come to this though. Sad

#39 Posted by VercingetorixTheGreat (2823 posts) - - Show Bio

Big government and their insane bureaucracy.

#40 Edited by joshmightbe (24697 posts) - - Show Bio

@cezar_thescribe: Yea but Detroit has been that way since the 70s and only got worse when a white president made it easier for American auto manufacturers to use foreign labor to build cars cheaper without having to worry about all those pesky safety standards and reasonable pay requirements that American workers demand. This is also the reason that the only way you can buy a 100% American made car is to buy a Toyota now days.

#41 Edited by The_Titan_Lord (4696 posts) - - Show Bio

How sad.

#42 Posted by Cezar_TheScribe (2614 posts) - - Show Bio

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Dang... so you are a Crazy Religious Person and a Casual Racist too eh ? Boy you is one Hot Sucka !

Um... No.

#43 Posted by King Saturn (223834 posts) - - Show Bio

@king_saturn said:

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Dang... so you are a Crazy Religious Person and a Casual Racist too eh ? Boy you is one Hot Sucka !

Um... No.

Denial from The Grand Wizard himself...

:P

#44 Edited by Cezar_TheScribe (2614 posts) - - Show Bio

@cezar_thescribe said:

@king_saturn said:

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Dang... so you are a Crazy Religious Person and a Casual Racist too eh ? Boy you is one Hot Sucka !

Um... No.

Denial from The Grand Wizard himself...

:P

#45 Posted by King Saturn (223834 posts) - - Show Bio

@king_saturn said:

@cezar_thescribe said:

@king_saturn said:

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Dang... so you are a Crazy Religious Person and a Casual Racist too eh ? Boy you is one Hot Sucka !

Um... No.

Denial from The Grand Wizard himself...

:P

What did you expect ? You come into a thread talking about how "Black Democrats" have destroyed Detroit and how wonderful the place was when "White Politicians" was in power.

You should know better than to think you could speak like that and not expect some kickback.

You started the stuff, Mr. Wizard.

#46 Posted by joshmightbe (24697 posts) - - Show Bio

@cezar_thescribe: You know there are lots of entire countries currently amid an economic collapse that are ran by pretty much 100% white people. Still want to debate whether skin collar matters when it comes to running an economy?

#47 Edited by Cezar_TheScribe (2614 posts) - - Show Bio

@king_saturn said:

@cezar_thescribe said:

@king_saturn said:

@cezar_thescribe said:

@king_saturn said:

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Dang... so you are a Crazy Religious Person and a Casual Racist too eh ? Boy you is one Hot Sucka !

Um... No.

Denial from The Grand Wizard himself...

:P

What did you expect ? You come into a thread talking about how "Black Democrats" have destroyed Detroit and how wonderful the place was when "White Politicians" was in power.

You should know better than to think you could speak like that and not expect some kickback.

You started the stuff, Mr. Wizard.

False accusations are false. Also, I said when the population was majority white. I never said politicians. Learn to read. :p

Now follow what he kitty said and don't say anything.

#48 Posted by King Saturn (223834 posts) - - Show Bio

@king_saturn said:

@cezar_thescribe said:

@king_saturn said:

@cezar_thescribe said:

@king_saturn said:

@cezar_thescribe said:

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.

Dang... so you are a Crazy Religious Person and a Casual Racist too eh ? Boy you is one Hot Sucka !

Um... No.

Denial from The Grand Wizard himself...

:P

What did you expect ? You come into a thread talking about how "Black Democrats" have destroyed Detroit and how wonderful the place was when "White Politicians" was in power.

You should know better than to think you could speak like that and not expect some kickback.

You started the stuff, Mr. Wizard.

False accusations are false. Also, I said when the population was majority white. I never said politicians. Learn to read. :p

Now follow whatt he kitty said and don't say anything.

Right, but when the population was Majority White it was run by White Politicians right ? See, you can see through some of the symbolism in a person's language quite easily... now I know for you sake you would like this to be diffused because we are touching on something that will make you look even worse than you already do.

#49 Posted by joshmightbe (24697 posts) - - Show Bio

@cezar_thescribe: So you're saying that you think society runs better when white people are running things so the rest of us should just let uncle whitey handle the grown folks business, and you're saying that isn't a racist idea ??

#50 Posted by mikethekiller (8333 posts) - - Show Bio

A black Democrat ran city goes bankrupt? Who saw that coming? I did!

Just saying that when Detroit was majority white it ran fine.