Judge clears way for Detroit to confront billions in debt in next phase of epic bankruptcy

  • Article by: ED WHITE , Associated Press
  • Updated: December 3, 2013 - 4:55 PM

DETROIT — A federal judge ruled Tuesday that Detroit can use bankruptcy to cut employee pensions and relieve itself of other crushing debts, handing a defeat to the city's unions and retirees and shifting the case into a delicate new phase.

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ubetcha101Dec. 3, 1310:52 AM

Can't they tax there way out of this? Ran out of private money to pay the public! Gee, what is public employee going to do?

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palsarDec. 3, 1311:06 AM

"Art possibly worth billions at the Detroit Institute of Arts could be part of a solution for creditors..." --- Seems like a good place to start. What's more important at this point, getting Detroit back on its feet or keeping art in a bankrupted city?

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alr213Dec. 3, 1311:56 AM

What? No rich folks to tax to pay for this? This is the proverbial canary in the coal mine.

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gemie1Dec. 3, 1311:56 AM

This should be a strong message to other cities that keep spending beyond its means. Listening Governor Dayton!

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drposterDec. 3, 1311:58 AM

Thank you Detroit for being an example for everyone else. Sad when Detroit's best export is US dollars going to Windsor on weekends.

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davisrtDec. 3, 1312:10 PM

Along with gutted infrastructure, gutted homes, and a disappearing population, Detroit will now gut the legitimately earned pensions of retired people. This will only accelerate the decline of Detroit. It seems the power (money) never values hard work or the workers that created the city. You will only see the wealthy people come out of this OK. Everyone else will pay and pay.

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ranger1873Dec. 3, 1312:14 PM

Funny how my comment at the time of the article's posting that Detroit hasn't had a Republican mayor since 1962 somehow never made it onto the comments page. Gee, I wonder why ...

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cheiron55402Dec. 3, 1312:16 PM

They should just take out all the valuables, wall it up and turn it into the worlds largest prison.

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elind56Dec. 3, 1312:19 PM

This is what happens when government over-spends. Sooner or later it runs out of other people's money. Today it's a major city. Tomorrow it will be an entire state. And then...

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elind56Dec. 3, 1312:28 PM

davisrt said: "You will only see the wealthy people come out of this OK. Everyone else will pay and pay."---------------------------The rich paid plenty into this mess over the years, saw the writing on the wall, and got the hell out of there. If they had stuck around the bankruptcy would only have been delayed until they were inevitably sucked dry also. Classic case of progressivism run amok.

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