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  1. #1
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    Detroit files for bankruptcy

    http://www.usatoday.com/story/news/n...riday/2552819/

    Oh you, Detroit... Oh you. Just watched Robocop 3 and Detroit was not in a good shape. Looks like nothing is different compared to that movie.
    DETROIT -- The city of Detroit filed for Chapter 9 bankruptcy protection in federal court Thursday, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.

    The bankruptcy filing makes Detroit the largest city in U.S. history to do so.

    The filing begins a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer. The bankruptcy petition would seek protection from creditors and unions who are renegotiating $18.5 billion in debt and other liabilities.

    "The fiscal realities confronting Detroit have been ignored for too long. I'm making this tough decision so the people of Detroit will have the basic services they deserve and so we can start to put Detroit on a solid financial footing that will allow it to grow and prosper in the future," said Michigan Gov. Rick Snyder. "This is a difficult step, but the only viable option to address a problem that has been six decades in the making."
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  2. Likes claud3 wishes they had posted this first.
  3. #2
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    thats sucks

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    That place is a mess right now, last time I was there I was expecting to see Mad Max driving around!


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  5. #4
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    Goodness. I thought things were supposed to be getting better.




  6. #5
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    Damn. Crazy shit.

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    they are in the shit now and many will follow down the same road... This is a really sad thing indeed

    Government


  8. #7
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    It's like America's little third world country. That place has seen better days for sure.




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    Quote Originally Posted by F34R View Post
    Goodness. I thought things were supposed to be getting better.
    They were but even the emergency manager said Detroit couldn't be fixed. I'll tell you what, if I had the money, I'd buy the city and the land it sits on as well as the surrounding land and build a city from scratch. Arcology skyscrapers and all. It'd be a decent social experiment for sure.

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    well just a mile river wide away there is a city that's not bankrupt
    Last edited by -Dj-; 07-19-2013 at 01:06.

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    Where is Batman?

    Quote Originally Posted by Morganator View Post
    They were but even the emergency manager said Detroit couldn't be fixed. I'll tell you what, if I had the money, I'd buy the city and the land it sits on as well as the surrounding land and build a city from scratch. Arcology skyscrapers and all. It'd be a decent social experiment for sure.
    Just play sim city.
    This is a local shop for local people you have no business here!

  12. #11
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    Does Eminem still live in his caravan there?

  13. #12
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    Quote Originally Posted by Flaw3d Genius View Post
    Does Eminem still live in his caravan there?
    he owns a stereo in that city

  14. #13
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    Quote Originally Posted by -Dj- View Post
    he owns a stereo in that city
    aiwa?

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    Quote Originally Posted by keefy View Post
    Where is Batman?

    Just play sim city.
    Lol. Nah. I'd rather get a chance to do so in real life.

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    Quote Originally Posted by MonkeyClaw View Post
    That place is a mess right now, last time I was there I was expecting to see Mad Max driving around!
    If things stay like this for a couple of more years, it'll be the Thunderdome.


  17. Likes claud3, MonkeyClaw wishes they had posted this first.
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    It is crazy that the government seen this coming and still never thought it would come to fruition


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    It's time for Delta City.
    Man who chase after bus get exhausted, man who run in front of bus get tired
    Man who masturbates in class has firm grip of subject at hand
    Woman who sink in man's arms soon have arms in man's sink

  20. Likes claud3 wishes they had posted this first.
  21. #18
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    Quote Originally Posted by DreDayDetox View Post
    If things stay like this for a couple of more years, it'll be the Thunderdome.
    Tina Turner and all!


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  22. #19
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    Quote Originally Posted by ps3freak18 View Post
    It's like America's little third world country. That place has seen better days for sure.
    Not true. If Detroit was America's third world country then It would've been supported!

    Remember that i'm going to die is the best way I know to avoid trap of thinking you have something to lose, you're already naked, there's no reason not to follow your heart.

  23. #20
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    Quote Originally Posted by Mael Duin View Post

    It's time for Delta City.

    And the best word is " DICK " lmao


  24. #21
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    Quote Originally Posted by claud3 View Post
    It is crazy that the government seen this coming and still never thought it would come to fruition
    That's what you get in America when you vote Democrat. The Democrats have been solidly in control of Detroit since 1962. Give it another decade or so and you'll see the state of California go bankrupt as well. With state pensions included they already have over a trillion dollars in debt, almost as much debt as the entire UK.

    Albert Einstein once defined Insanity as performing the same act over and over and expecting a different result.

  25. Likes Morganator wishes they had posted this first.
  26. #22
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    This 13 minute video basically sums up Detroit in a nutshell.

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    Quote Originally Posted by LadyDuoMaxwell View Post


    This 13 minute video basically sums up Detroit in a nutshell.
    I saw this several months back. A pretty disheartening video to be sure. That's what happens when you have decades of continued corruption.

    P.S. How have you been?

  28. #24
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    Those evil conservatives did it.... wait... no. Oh, it was that terrible austerity!!!! Hmmmm.... nope.... wasn't that either.

    I bet you they all still vote for the same damned people too. The citizens of this country are why stuff like this is happening. Sad but true.
    "you are both the product and the architect of your environment"


  29. #25
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    Just the start. All those ridiculous pension benefits will be the end of many who offer them.

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