bankruptcy

Taxpayer Overcharged Again? Fisker’s Default Of $168M Mostly Written Off

by Mike September 20, 2013

Troubled carmaker, Fisker, closed down last year, having consumed $192M of an available $529M taxpayer-funded loan from the DoE. The DoE did try to sell off its supposed “assets”, but as of this week, have decided to auction off the remnants of the company for anything they can get – likely to be a miserable […]

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Strafford County NH Makes List of Entities at Risk for Bankruptcy

by Steve MacDonald August 7, 2013

Newsmax, in an online article titled “20 cities that may face bankruptcy after Detroit,” lists twenty county or city governing bodies whose finances are historically shaky.  The biggest factor appears to be over-promised and underfunded public pension liabilities, and good-old fashioned over-spending.  And look! Strafford County New Hampshire made their list. 16. Strafford County, N.H. […]

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NotableTweet on Detroit

by Scott Morales July 22, 2013

“If Obama had a city, it would look like Detroit.” – Tweeter undisclosed via NRO, Mark Steyn      

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The Free State of Detroit?

by Susan Olsen July 20, 2013

Commander Zero posits this: “I think the Free State people have really gone in the wrong direction with New Hampshire. At the moment, it looks like they could scoop up Detroit at bargain prices (unless OCP outbids them and ‘takes Detroit private’) and start their libertarian utopia there. According to the news reports I read, theres […]

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Quotable Quote – NRO’s Kevin D Williamson

by Mike July 19, 2013

In his piece on Detroit’s bankruptcy this morning, Kevin Williamson had a number of pithy comments, but I especially liked this one: Detroit is the victim of a vicious circle: Failing municipal institutions mean that without the allure of a high-paying job, Detroit is an undesirable place to live, while the unions have helped to […]

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The Evolution of Progressive Rule

by Steve MacDonald July 18, 2013

CNN via Doubleyouemyouare Detroit filed for bankruptcy Thursday afternoon, becoming the nation’s largest public sector bankruptcy. The move could slash pension benefits to city workers and retirees, and leave investors holding the city’s debt with only pennies on the dollar. In the end, all that support public union support for unsustainable government is for naught.  […]

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Eileen, Eileen….EiLein….Ei Lein….Ei Lein….My Lein….Y Lein….I Lein….I Leins….IRS Leins….with a CACH

by Skip April 8, 2013

Steve’s post brought back the memory of hearing that song for the first time “Come On, Eileen” by the Dexys Midnight Runners.  No, nothing special was going on in my life (I am rather boring, mostly (as many of my critics are so eager to say)) at the time to associate it with something unique; I […]

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Story About Leveling Reagan Chicago Apartment For Obama Library – “Utterly Inaccurate”

by Steve MacDonald January 31, 2013

Maybe you heard the tale?   A Washington Times Communities article (also reported by Newsmax) suggested that the University of Chicago, which owns the Chicago apartment property of former President Ronald Reagan, was planning to demolish it to make way for a parking lot for the Obama Library.  According to the people dedicated to preserving that […]

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And which Plan do YOU prefer for reforming entitlement programs that are about to bankrupt the US?

by Skip August 14, 2012

(H/T: Powerline)

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Which Utopian Democrat Dream-Scam Is Failing Faster?

by Steve MacDonald July 13, 2012

Which Utopian dystopian Democrat dream-Scam is failing faster? In Cah-Lee-Four-Knee-Ah the Workers paradise is collapsing at an ever increasing rate as the anchor of unsustainable public union contracts and pensions drag otherwise average, every-day, incompetently run, but barely sustainable left wing bureaucrapalities (bureaucratically strangled municipalities run by an endless string of administrators and political descendents […]

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It’s Not Easy Being Green…

by Steve MacDonald August 31, 2011

In a profanity strewn diatribe before the Aspen Institute, Gore said mean things about scientists who must be on the payroll of some arch-nemesis bent on brainwashing everyone into letting the evil genius destroy the planet. This, as opposed to all the “scientists” (economists, journalists, confidence men) who have been hiding the decline or crowding out dissent to keep the billions in taxpayer dollars rolling in to keep them “on message.”

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Wisconsin Protesters

by Don March 3, 2011

To the Editor:   Many of the people protesting on Saturday don’t even understand what they are doing.  They talk about “Worker’s Rights” (which I support).  But they have been duped into protesting for public sector  “Union rights”, the right of unions to conspire with politicians against the interests of the American people.      President Franklin […]

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