Detroit, it wasnt poor city management.

[Guest TankerHC]

It wasnt out of control spending locally.

 

It wasnt the demands of the Unions.

 

It wasnt poor financial management by city leaders.

 

It wasnt the fact that the leadership was wasting money, kowtowing to the Unions for votes while the city disintegrated into bastion for criminals.

 

They figured it out.

 

It was the banks that caused it all. And now, the banks owe them.

 

 

 

http://finance.yahoo.com/news/pension-disappear-post-detroit-103015319.html

[Guest 6.8 AR]

I remember reading in a Reader's Digest, years ago, about how Jimmy Hoffa destroyed his Central States Teamsters

pension fund by some shenanigans with the mafia. This is no surprise to me, but the demise of Detroit was brought

about by liberal politics from decades ago that went unchecked up until now when it finally realized it doesn't work.

 

Detroit isn't the only town in trouble due to this. Look at the pensions in NYC and all over the state of California, plus

the welfare state in most of the country and you can see parallels with the demise of our country.

 

When a school teacher in Chicago can make a hundred grand plus a year and retire with the same amount, now who

is paying for that. That same school teacher works around four to five hours a day for five days for a portion of the year.

That's only an example for those who may be school teachers, but if you are on this board, it should be an outrage

anyway. There are none of those in Tennessee, with the exception of those overpaid school administrators who are

mostly politically appointed by corrupt education departments.

 

We have been seeing this for decades and have just sat idly by and done nothing.

 

I know if I kept my salary as it was, and could have stayed until retirement, my pension would have been a third of what

theirs is, and I never complained about mine. My disability pension is roughly a third of what my salary was and I paid for

mine.

 

Liberal politics and union contracts in some sectors are a real problem.

[Randall53]

Its simple. Liberal control since 1962.

[Guest 6.8 AR]

That's right.

[Guest nra37922]

Remember the old line about 'killing the goose who laid the golden eggs'?  Well Detroit and other cities and states are finally facing the hard realities that political handouts and union payoffs are coming to a very nasty end.  I hate it for those pensioners who have been or about to get screwed but there is nothing that can be done at this late date. 

Edited July 29, 2013 by nra37922

[Guest 6.8 AR]

Detroit isn't the only city with the problem. Tennessee has a couple of cities that come to mind with the

same problems. But we don't often talk about the problems in our own back yard. Any municipality,

Smyrna comes to mind, of late, with too many services and already high taxes will eventually come

teetering from the top. Memphis and Nashville are not in the best shape, either, and they both have a

voracious appetite for spending our tax dollars for arenas and other follies that bankrupt. How did

Knoxville do with that World's Fair thing, years ago? We all funded it. Nashville built another convention

center recently, like they needed another one. Titan's stadium was paid for with yours and my tax dollar.

Never set foot in it, either.

 

Oh, but it won't happen in my back yard, will it?

 

When a mayor has any "vision" about what is needed next for his community, take him out and

tar and feather him before he robs you. That mayor in Nashville needs to be drop kicked from

one goal post to the next, and then back to yankee land.

Edited July 29, 2013 by 6.8 AR