Comments on: Bankruptcy in Detroit, and new precedents may be set http://blogs.reuters.com/muniland/2013/07/18/bankruptcy-in-detroit-and-new-precedents-may-be-set/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: changeling http://blogs.reuters.com/muniland/2013/07/18/bankruptcy-in-detroit-and-new-precedents-may-be-set/comment-page-1/#comment-2266 Mon, 22 Jul 2013 02:47:38 +0000 http://blogs.reuters.com/muniland/?p=12855#comment-2266 Is anybody else getting really tired of the fact that it’s always the poor (which includes the so-called middle-class) that have to pay for the financial mistakes of our country’s ruling class? Detroit’s bankruptcy will prove that wealthy creditors will lose little while workers will watch their retirement funds plundered.

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By: ARJTurgot2 http://blogs.reuters.com/muniland/2013/07/18/bankruptcy-in-detroit-and-new-precedents-may-be-set/comment-page-1/#comment-2265 Sat, 20 Jul 2013 00:18:51 +0000 http://blogs.reuters.com/muniland/?p=12855#comment-2265 For the good of the country, this needs to go through. There has to be an end to the sense that there is no limit to the role of government, and that there is always more money, especially someone else’s money. You are probably better aware than I of the number of foreign countries that have defaulted on their debt. There were consequences for them, one and all.

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By: tmc http://blogs.reuters.com/muniland/2013/07/18/bankruptcy-in-detroit-and-new-precedents-may-be-set/comment-page-1/#comment-2264 Fri, 19 Jul 2013 18:46:26 +0000 http://blogs.reuters.com/muniland/?p=12855#comment-2264 Good article. The author is correct, precedents will be set. There were many factors that contributed to the decline of the city; globalization, corruption, over zealous unions, etc., all played a part. That’s why it happened and will happen in other cities and even states. People just want a simple, one line, one problem answer to everything. If it is any more complex than that then it is just swept away by politicians as they watch people bicker over what the source of the problem is. Then it just continues to fester.

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By: UScitizentoo http://blogs.reuters.com/muniland/2013/07/18/bankruptcy-in-detroit-and-new-precedents-may-be-set/comment-page-1/#comment-2263 Thu, 18 Jul 2013 23:29:28 +0000 http://blogs.reuters.com/muniland/?p=12855#comment-2263 The long slow decline of our childrens country continues unabated. And everyone in the Congress/Executive/Supreme Court run by citizen Walmart is careful not to buy the bonds of distressed US cities going bankrupt. They prefer the Goldman investments in Communist Military China and Russia for much much better returns.
Who is the traitor? The citizen who blows the whistle and has his passport revoked instantly, or the elected official that votes China most favored trading status?
Enjoying bankruptcy, America?

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