Should Detroit's municipal retirees lose their pensions?

[thanatos144]

Why should taxpayers in other cities have to pay for the irresponsibility of Detroit politicians and city employees?

Listen carefully my ignorant slave nation loving friend they need to figure that our for themselves.I know to you acting like Americans and not hateful confederates is hard for you to understand but at a certain point you have to choose to ether be an adult or a selfish child.

The well is dry, knucklehead. They can't get that kind of money out of the citizens of Detroit, not without causing a mass exodus, and then they are back in the same fix.

Unless the state or federal governments shake down innocent citizens in other cities or states, Detroit is not going to pay off the pensions it promised.

warms your slaver loving heart to doesn't it?

 

[thanatos144]

no.....but if we can send aid to children in Bangladesh we can certainly send aid to starving children in Detroit....

Democrat rule is similar to socialist/communist/fascist rule.....everybody winds up poor except for the few at the top....when that happens there will be no federal aid for anybody...

you are seeing it happen before your very eyes in Detroit....this is the same plan Obama has for the rest of America....

I fully know and understand why Detroit fell... Probably more then most seeing as I grew up right ******* next to the city. I know what the leaches of unions and racist crooked democrats wrought. All I said is that the state needs to see if they should and can help.

How can the state "help" without raising taxes on innocent people who had nothing to do with the debacle?

what the **** do you care anyway? They are only Americans.

 

[bripat9643]

I fully know and understand why Detroit fell... Probably more then most seeing as I grew up right ******* next to the city. I know what the leaches of unions and racist crooked democrats wrought. All I said is that the state needs to see if they should and can help.

How can the state "help" without raising taxes on innocent people who had nothing to do with the debacle?

what the **** do you care anyway? They are only Americans.

I couldn't care less about Americans who want to stick their hands in my pockets. Feel free to write them a check.

 

[bripat9643]

and you got that from what I posted? You think I am looking for some magical money pot to appear?

No. You are looking to the state or federal government to financially rape a lot of innocent people who had nothing to do with this debacle.

Do you have a problem with freedom and the ability for a state and its people to make up their own mind???? Of course you do I forgot your heroes are slavers.

Majority vote is not freedom. If the state legislature votes to raise taxes on the rest of the state, it will be using force to take money from innocent people and turn it over to those who did nothing to earn it.

 

[ScreamingEagle]

I fully know and understand why Detroit fell... Probably more then most seeing as I grew up right ******* next to the city. I know what the leaches of unions and racist crooked democrats wrought. All I said is that the state needs to see if they should and can help.

after the bankruptcy they can step in and help people all they want...

My point precisely.

i'm sure the other Michigan citizens are just chomping at the bit to do so....

i wouldn't be surprised to see 'change' happen in the state constitution...

 

[Steven_R]

Why doesn't the left care about economics?

Because Supply & Demand magically doesn't work when government is involved.

it doesn't really work with government. Supply and demand works when there is no monopolies.

Monopoly is multiple buyers and one seller in the market. Monosopy is multiple sellers and one buyer in the market.

 

[Vox]

There is no Detroit....There is just a bankrupt city. They are kids who found out that credit cards have limits. The state should act the adult for its citizens because the city isn't.

The best way to teach kids responsibility is to let them fail.'

Michigan has no obligations toward those pensions.

Neither have other states.

It seems you have personal interest in all of this. Sorry for you or your relatives, but Katzndogs stated everything perfectly well - why should these investors be bailed out and others - not?

They calculated wrong, they lost, they will have to pay.

All those retirees have SS left and should have thought about other methods as well.
If not - they will have food stamps and welfare in addition,if needed.

others can survive on that then those retirees sure can, too

 

[thanatos144]

There is no Detroit....There is just a bankrupt city. They are kids who found out that credit cards have limits. The state should act the adult for its citizens because the city isn't.

The best way to teach kids responsibility is to let them fail.'

Michigan has no obligations toward those pensions.

Neither have other states.

It seems you have personal interest in all of this. Sorry for you or your relatives, but Katzndogs stated everything perfectly well - why should these investors be bailed out and others - not?

They calculated wrong, they lost, they will have to pay.

All those retirees have SS left and should have thought about other methods as well.
If not - they will have food stamps and welfare in addition,if needed.

others can survive on that then those retirees sure can, too

I have no personal interests.... I just dont like old people to lose all they have. When we stop caring for our elders we become less them human.

 

[ScreamingEagle]

There is no Detroit....There is just a bankrupt city. They are kids who found out that credit cards have limits. The state should act the adult for its citizens because the city isn't.

The best way to teach kids responsibility is to let them fail.'

Michigan has no obligations toward those pensions.

Neither have other states.

It seems you have personal interest in all of this. Sorry for you or your relatives, but Katzndogs stated everything perfectly well - why should these investors be bailed out and others - not?

They calculated wrong, they lost, they will have to pay.

All those retirees have SS left and should have thought about other methods as well.
If not - they will have food stamps and welfare in addition,if needed.

others can survive on that then those retirees sure can, too

why is it people keep referring to liberals as irresponsible "kids"......?

Democrats are part and parcel of the socialist/communist/fascist Left which is PURPOSELY driving our country to economic ruin....

this is not a 'parental problem'...

 

[Vox]

There is no Detroit....There is just a bankrupt city. They are kids who found out that credit cards have limits. The state should act the adult for its citizens because the city isn't.

The best way to teach kids responsibility is to let them fail.'

Michigan has no obligations toward those pensions.

Neither have other states.

It seems you have personal interest in all of this. Sorry for you or your relatives, but Katzndogs stated everything perfectly well - why should these investors be bailed out and others - not?

They calculated wrong, they lost, they will have to pay.

All those retirees have SS left and should have thought about other methods as well.
If not - they will have food stamps and welfare in addition,if needed.

others can survive on that then those retirees sure can, too

I have no personal interests.... I just dont like old people to lose all they have. When we stop caring for our elders we become less them human.

why are these particular old people different than other investors? you invested unwisely ( it was known for YEARS it is not going to last - people could have saved) then you are paying, are you not?
What makes THESE people special?

P.S. Earlier on this thread I have already stated - let them have SOME of the pensions, 17% of it - which a pretty good chunk , btw, together with SS it will make it comfortable ( not for the cruises three times per year, but OK), yet I have not seen any response from you - it looks like you want them have EVERYTHING from our pocket.
Not going to fly.

 

[Baron]

These were all affirmative action hires and didn't deserve the job in the first place.

Of course, the dumb retires must lose their pensions, no doubts.

 

[ShootSpeeders]

[

I have no personal interests.... I just dont like old people to lose all they have. .

HAHA. They're not losing ALL they have, you idiot.

 

[Sunshine]

This is what happens when everyone gets free stuff. If you work for a private company that goes belly up, what happens to your pension?? Why should government be any different?

If you don't manage your $$$ and spend more than you make, you get to go bankrupt and start all over. People do it every day to forgive debt, it's how it works.

Better do a double take if you're a federal employee.

Pension fund managers are supposed to understand investing and keeping the fund sound even in down times. I'm not really up to speed on what has gone down here, but if the pension was one that required employees to contribute even a nominal amount then there has been some wrongdoing that should be reckoned with. For a person who spent 25 or 30 years working for one employer his/her pension from that employer is likely half of what they have to live on in retirement. And a pension is not welfare. A pension is part of your pay, just like vacation. So, not giving you that part of your pay is a violation of the contract by the employer. It may even constitute theft.

I managed to be vested in 3 pensions in addition to my SS. I'm really glad, now, that I didn't work the entire career for one employer. If something happens with one, I still have the others. But those pensions were promised as part of my pay and each pay stub showed what it was worth to me, and the vesting time. I stayed a few months with one of them when I really didn't want to be there in order to get vested.

 

[ShootSpeeders]

These were all affirmative action hires and didn't deserve the job in the first place.

Of course, the dumb retires must lose their pensions, no doubts.

If it was up to me these affirmative action babies would be forced to return all the salaries they received over the years. They used AA to steal the job from someone more deserving.

 

[thanatos144]

[

I have no personal interests.... I just dont like old people to lose all they have. .

HAHA. They're not losing ALL they have, you idiot.

Being called a idiot by a racist doesn't make much a impact

 

[Katzndogz]

The reality is, no one is going to bail out Detroit. Understand that. Detroit won't be bailed out under any circumstances by anyone.

If Detroit were bailed out, no city in the US would see any reason to exercise any kind of fiscal responsibility because someone else is going to come along and pay the bill when it becomes due. It would be like if your kids kept maxing out the credit cards and you paid it off every month. Those kids would get another credit card to max out and tell you to pay it. And another after that. No one has bailed out any of the other cities that had to declare bankruptcy. Detroit will become the exemplar city, this is what happens when democrats and unions are in charge.

 

[Sunshine]

The reality is, no one is going to bail out Detroit. Understand that. Detroit won't be bailed out under any circumstances by anyone.

If Detroit were bailed out, no city in the US would see any reason to exercise any kind of fiscal responsibility because someone else is going to come along and pay the bill when it becomes due. It would be like if your kids kept maxing out the credit cards and you paid it off every month. Those kids would get another credit card to max out and tell you to pay it. And another after that. No one has bailed out any of the other cities that had to declare bankruptcy. Detroit will become the exemplar city, this is what happens when democrats and unions are in charge.

Do you know if their teachers have a separate retirement plan? Do they work for the city or the state/ If they don't have a separate plan, then will teachers who work for the metro schools get the shaft as well? I guess so.

 

[Sunshine]

[

I have no personal interests.... I just dont like old people to lose all they have. .

HAHA. They're not losing ALL they have, you idiot.

Being called a idiot by a racist doesn't make much a impact

And vice versa.

 

[regent]

There is no Detroit....There is just a bankrupt city. They are kids who found out that credit cards have limits. The state should act the adult for its citizens because the city isn't.

The best way to teach kids responsibility is to let them fail.'

Michigan has no obligations toward those pensions.

Neither have other states.

It seems you have personal interest in all of this. Sorry for you or your relatives, but Katzndogs stated everything perfectly well - why should these investors be bailed out and others - not?

They calculated wrong, they lost, they will have to pay.

All those retirees have SS left and should have thought about other methods as well.
If not - they will have food stamps and welfare in addition,if needed.

others can survive on that then those retirees sure can, too

I would strongly suspect the state of Michigan is responsible.
The Constitution recognizes two governments in the US, federal and state, and cities are entities of the state. Were these obligations contracts, if so, the Court has long been adamant on contracts, they must be enforced as per the Constitution. But then again courts are somewhat flexible depending on their politics.

 

[thereisnospoon]

[

I have no personal interests.... I just dont like old people to lose all they have. .

HAHA. They're not losing ALL they have, you idiot.

Being called a idiot by a racist doesn't make much a impact

The race card? Oy vey.