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Oh I see you are just stupid. Myself I can't afford to vote republican
Marathon Oil Company 329,266,987 1 3.90 %
Detroit Edison Company 294,567,459 2 3.49
Vanguard Health Systems - Hospitals 252,620,138 3 2.99
Chrysler Group LLC 222,908,419 4 2.64
MGM Grand Detroit LLC 212,045,629 5 2.51
Riverfront Holdings Inc. 112,227,313 6 1.33
Michigan Consolidated Gas Co. 87,121,757 7 1.03
Greektown Casino LLC 74,777,226 8 0.89
Detroit Entertainment LLC 64,838,913 9 0.77
General Motors LLC 54,834,859 10 0.65
Originally posted by damwel
Nope. Democrats suck too but they are a dam sight better than republicans by far
Originally posted by Tardacus
so, does this mean we can just bulldoze the whole place into lake michigan now and start over?
If the same sort of crooks stay in charge of things there, the city will be bankrupt again in 10 years.
Originally posted by JiggyPotamus
I wonder what will happen? Can and will the federal government bail them out? I am reminded that the federal government bailed out the big corporations, ensuring that the uber-wealthy remained uber-wealthy, but when it comes directly to helping the little guys, what will the government do? I opposed the bailing out of the large corporations, but that happened because of their influence and penetration of the US government. The government should be bailing out Detroit, as it is a better cause than making those already rich even richer.
The City has an accumulated unassigned deficit in the General Fund of $326.6 million as of June 30, 2012, which has resulted from operating deficits over the last several years
Originally posted by Realtruth
reply to post by stormcell
Actually the main reason for people not investing, and renovating homes in Detroit is the fact that they get trashed, stripped of building materials even before the project is finished, but this is mainly in the residential areas.
A more viable police force will have to be established to secure up and coming areas, because let's face it if people get robbed, looted, or assaulted in an area most likely they will never return.
One of the reasons Detroit fell apart was no one gave a squat about anything, if you called the police most of the time they didn't even show up. This is changing in certain areas that large investors are sinking money into though.
Originally posted by xuenchen
Detroit may become the model poster boy for other cities and states.
Too much long term debt without a clear view of future income to make da payments.
Originally posted by Rocker2013
Originally posted by xuenchen
This could trigger a domino effect, with investment being affected and debt being called in early across the country in any state or city where things are looking less than peachy.
Originally posted by windsorblue
reply to post by xuenchen
I remember watching Michael Moore's 'Roger & Me' and the impact of General Motors closing several auto plants in Flint, Michigan, costing 30,000 people their jobs at that time, and thinking 'Detroit wont be left to rot, other companies will move in'. Well if Moore could see the writing on the wall in 1989 why the hell couldn't the U.S government?