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Thread: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

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    Default Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    So, what's everyones thoughts on whether the govt should bail out cities (and towns) like Detroit etc, when they go bankrupt, like they did with other institutions back when the market crashed?

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    Should not happen. Let failing cities/companies/etc fail.

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    Economic Darwinism. Lesson learned for the voters across the country, not just in the affected area. No bailouts.
    When things go wrong in your command, start searching for the reason in increasingly larger concentric circles around your own desk.
    -GEN Bruce C. Clarke

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    50 years of Democratic leadership. Fuck em.

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    Now it seems that a judge has rejected Detroit's filing for bankruptcy.

    Link: http://money.cnn.com/2013/07/19/news...html?hpt=hp_t2
    When things go wrong in your command, start searching for the reason in increasingly larger concentric circles around your own desk.
    -GEN Bruce C. Clarke

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    Bailing out cities won't encourage future fiscal responsibility. Spending more than you bring in will always lead to financial disaster. Towns go first, then cities, then states and finally our country. Can't convince me otherwise...

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    Quote Originally Posted by FLAPS, USAF (ret) View Post
    Bailing out cities won't encourage future fiscal responsibility. Spending more than you bring in will always lead to financial disaster. Towns go first, then cities, then states and finally our country. Can't convince me otherwise...
    Reward a behavior and it gets repeated. So if a bad behavior is rewarded, they will learn their lesson and never do it again. There really needs to be a sarcasm font. Purple is the new sarcasm font.

    I don't know why things seem so clear to everyone except the people doing the bailing. It must be because it ain't their money.
    This calls for a delicate blend of psychology and extreme violence. Vyvyan, The Young Ones

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    They voted for the idiots who created this mess. Now lets let them live with those choices!

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    Surprised, it seems unanimous for let them fail..

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    Default Re: Detroit (and other cities) going bankrupt. SHOULD fed govt bail them out?

    Bailed out New Orleans for ineptitude corrupted leadership after the storm."

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