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Detroit bankruptcy

Discussion in 'BBS Hangout: Debate & Discussion' started by basso, Jul 18, 2013.

  1. Refman

    Refman Contributing Member

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    Of course, nothing you posted has anything to do with the power of budget alteration or taxation that I alluded to.
     
  2. Northside Storm

    Northside Storm Contributing Member

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    wut

    http://amarillo.com/news/latest-news/2013-02-05/texas-lawmakers-face-5-billion-budget-deficit

    yay red states, that won't reflect at all.

    Red states are creating minimum wage jobs or benefiting from energy booms---blue states are creating the jobs that require education and will push the economy forward. Texas, in its' capacity as a border state, is benefiting immensely from both inter-state and inter-country immigration, not that anyone wants to acknowledge that.

    Of the fastest growing state economies currently, Oregon (driven by Intel), California (driven by Palo Alto), Washington (driven by Microsoft and the IT sector) would seem to have the most sustainable path, barring municipal boondagles.

    http://www.usatoday.com/story/money...s-with-the-fastest-growing-economies/2416239/

    Both Texas and California have faced record deficits, before anyone asks.

    If anything, it speaks to a broken state model, and not a blue or red model. Be forewarned, those who would advocate for a federal BBA.

    As a final parting shot, you can talk about growth all you want in an age where workers are treated like disposable garbage faced to the crisis that has struck capital---but the traditional union-strong states have been strong and are still strong by many metrics economically. You can't just cherry pick the last few exceptional years to make a point, even if that point is muddied by the fact that blue state vs red state performance is narrowing, and red states have been affected plenty.

    http://en.wikipedia.org/wiki/List_of_U.S._states_by_income

    Median Household Income by State
    States ranked by per capita income

    red states have quite a bit of catching up to prove, if union-free, human capital devoid growth driven by either one-off resource booms, or promoting minimum wage drudgery in desperate times is truly how to grow an economy
     
    1 person likes this.
  3. Kojirou

    Kojirou Member

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    Well, sure, it's a matter of when, I guess, if you take the viewpoint that someday America isn't going to be the top dog. I acknowledge it'll happen, even given my nationalist beliefs.

    But over the forseeable future, no there really is no alternative to the dollar being the world currency.

    Detroit over all is just an assessment of failed local leadership, an ignorant populace, and corrupt unions and overscores the point which people continually forget when they chatter about national politics that local and state politics are actually kind of important. It's fairly ridiculous that Obama should be blamed for what the mayors and politicians of Detroit have done.
     
  4. cml750

    cml750 Member

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    I agree that Detroit's problems have nothing to do with Obama, they just came to a head under his watch. The problem I have with Obama is his total disregard for trillion + annual deficits. This country is racing towards 20 + trillion dollars in actual debt with no end in sight. Bush started driving the country toward the cliff, Obama took over and pushed the accelerator to the floor.
     
  5. Major

    Major Member

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    http://scotterb.wordpress.com/2012/08/06/givers-vs-takers/

    In terms of federal funds, the following states are givers - states that pay more to the federal government than they receive in aid. They are the ones that Republicans should be trying to defend: NH, MA, NJ, DE, NY, MI, WI, IL, MN, CO, TX, CA, CO, NV, OR, and WA.

    Note an interesting fact about these “giver” states? Only one, Texas, is a so-called red state. All the rest are blue states which pretty consistently vote Democratic.

    The so called taker states include six “blue” states, 21 “red” states and seven “swing” states.


    Out of 22 red states, Texas is the ONLY one that doesn't rely on the federal government to sudsidize them.

    <img src=http://talkingpointsmemo.com/images/give-take-small-final.png></img>

    The former is up for the debate - there are lots of reasons for insolvency. Orange County, a red oasis in California, went insolvent due to simple stupidity and financial mismanagement. The latter part is certainly true in that pensions are a bigger problem in blue states - but there are plenty of other failings in red states that make up for it. Again, both red and blue states were pretty equally crushed during the recession as far as budget problems go.

    If this were true, then you'd see economic powerhouse red states without natural resources. Why don't we? Or is Texas the only red state that does these things well?

    Texas benefits in that its a counter-cyclical state - when the rest of the country was collapsing, the energy sector was booming and made Texas very attractive. Despite the rhetoric, it had little to do with specific policies here. It has to do with having lots of land, and thus lower living costs, and a diverse economy thanks to natural resources.

    Or maybe the budget wasn't really that unbalanced, and it simply struggled during an economic crash and came back during an economic recovery.

    It's really not. Those states are doing just fine economically.
     
  6. Major

    Major Member

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    Sorry - to clarify, there are other red states doing well, like the Dakotas - but all of them are the states undergoing an energy boom that is directly attributable to natural resources.
     
  7. Commodore

    Commodore Contributing Member

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    <blockquote class="twitter-tweet"><p>Detroit has more stadium projects than Targets, Walmarts, Home Depots, Lowes, and chain grocery stores put together.</p>&mdash; David Burge (@iowahawkblog) <a href="https://twitter.com/iowahawkblog/status/358585834078863361" data-datetime="2013-07-20T13:54:59+00:00">July 20, 2013</a></blockquote>
    <script src="//platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet"><p>Detroit has 1 car assembly plant. Most of it is in Hamtramck, MI. It's the one where they make... the Chevy Volt. <a class="hashtag" action="hash" title="#sadtrombone">#sadtrombone</a></p>&mdash; David Burge (@iowahawkblog) <a href="https://twitter.com/iowahawkblog/status/358589359911473152" data-datetime="2013-07-20T14:09:00+00:00">July 20, 2013</a></blockquote>
    <script src="//platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet"><p>other than one downtown Whole Foods, the only grocers in Detroit generally keep a shotgun at the checkout.</p>&mdash; David Burge (@iowahawkblog) <a href="https://twitter.com/iowahawkblog/status/358590167650533377" data-datetime="2013-07-20T14:12:12+00:00">July 20, 2013</a></blockquote>
    <script src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
  8. mtbrays

    mtbrays Contributing Member
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    How do you feel Commodore?
     
  9. otis thorpe

    otis thorpe Member

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    Texas has oil and gas
     
  10. pippendagimp

    pippendagimp Member

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    Rudy T shoutout
     
  11. Commodore

    Commodore Contributing Member

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    <iframe width="640" height="360" src="//www.youtube.com/embed/sYVMe6w5awY" frameborder="0" allowfullscreen></iframe>
     
  12. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    So basically a bunch of right wing talking points....
     
  13. Refman

    Refman Contributing Member

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    So essentially you are admitting that the corporate welfare programs of the Republicans aren't working.
     
  14. Buck Turgidson

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    The only thing more pathetic than twitter are the twits who aren't intelligent enough to create their own tweets.
     
  15. Refman

    Refman Contributing Member

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    Twitter is the Internet equivalent to the 10 second sound bite.
     
  16. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    Detroit is like a 3rd world country.
     
  17. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    I'm saving this. Thank you for saying whats on the mind of so many.
     
  18. brantonli24

    brantonli24 Member

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    You're trying too hard. Gotta learn from the best like Bigtexx or basso, they are pretty good at it.
     
  19. Ruredi84

    Ruredi84 Member

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  20. Ruredi84

    Ruredi84 Member

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    Detroit is the auto industry.
     

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