Slavery & Detroit City

[WhiskeyGirl]

Detroit filed bankruptcy.  Why?  Can't pay the bills, can't pay the pensions, city in decline...

Why would any promise people benefits they couldn't pay for?  Kick the can down the road?   

What did they get for those future promises?  Votes?  Political power?  Wealth?

I think all those 'promises' in the form of pensions and benefits enslaved future citizens, residents, and politicians. 

How is it ever moral to expect/force others to pay for your promises in the future?

I think the slaves got up and moved away.  As many as possible.  The successful, the businesses, the politicians.  What did they leave behind?  The debt, the slavery, the ruin.

There is something immoral about giving away other peoples money.  Making promises to pay in the future and not saving money today to make the payments.

Folks for thousands of years have sold others into slavery.  A debt the slave cannot pay.  A few slaves run away.  A few gain their freedom. 

In America, the slaves could pick up and move and gain some of their freedom back.  In big government in DC get's it way, there is no place for the slaves to run.

How do politicians keep their corrupt power?  Buy more people.  Import more slaves.  Give them welfare candy and buy their vote.  Borrow massive amounts of money and push the payments into the future and onto the backs of tomorrows slave class.

What happens when those slaves wake up?  Can't work hard enough or provide enough money to pay the bills?  Where do they move?

There is something morally wrong with spending money, buying votes, and enslaving generations of human beings.

What is wrong in this nation?

just my humble opinions

[WhiskeyGirl]

DETROIT, July 19 (Reuters) - When Paula Kaczmarek moved to Detroit in 1978 to work for the city's public library system, a guarantee of good retirement benefits was a key sweetener that convinced her to leave her previous job in Boston.

"I basically came here for future security," said Kaczmarek, who retired in 2012, two years earlier than she planned, as the public library was facing potential layoffs.

Kaczmarek is among the more than 20,000 unionized retirees whose pensions and healthcare benefits hang in the balance after Detroit filed the largest municipal bankruptcy in U.S. history.

In an interview, Kevyn Orr, Detroit's state-appointed emergency manager, said restructuring the city's crippling legacy costs is critical to Detroit's recovery.

"We can't pay benefits with money that's not there," he said. "It can't be done."

Retirees and labor officials acknowledged that the city's finances were in shambles and they would have to share in the sacrifice to help Detroit recover. But they said some of the significant benefits cuts reportedly proposed by Orr in talks with creditors would have a devastating impact on their lives.

"I do have some compassion for people who are investors in Detroit, naturally, because a lot of my pension income is based on investing," said 63-year-old retired city librarian Ellen Simmons. "But it's hard to have a lot of sympathy when there are 20,000 real people who are not living high on the hog."

read more here - http://www.huffingtonpost.com/2013/07/20/detroit-pensions-bankruptcy-retirees-healthcare-retirement_n_3626486.html?ref=topbar

Where is the Social Security Trust Fund?  Who's been managing that for future retirees?

Buy more votes?  Force future generations to pay for empty promises? 

[WhiskeyGirl]

Here is something that shocked me -

So far, the city has an agreement to pay some secured creditors 75 cents on the dollar on nearly $340 million in debt. In exchange, the city would get back $11 million a month in tax revenue from the city's three casinos originally used as collateral to back the debt.

$11 million divided by a population of 700,000 is $15.71 a month.  How much do the casinos make in profits?

Who makes money providing housing to all the welfare recipients?  Food?

I've read welfare recipients/families get anywhere from $47,000 to more than $67,000 (depending on who's counting) a year in benefits from government. 

Welfare is big business.  I wonder how many tens of billions of dollars a month flow through the city.  Too bad the city can't tax the welfare benefits.

Who get's paid for all the Section 8 and other welfare subsidies for housing? 

Where does the welfare madness end?

Poverty is big business in America.

Who pays for all this?  It's pushed onto the backs of working people and future generations.

Who profits?  Who is invested in all the public housing?

When does the welfare party end?

just my humble opinions