Detroit Lesson for Utica -- Bankruptcy
Posted in the Utica Forum
#1 Jul 23, 2013
Bankruptcy for Utica, Yonkers, Syracuse, Rochester and Buffalo is inevitable. The police and fire unions are the primary, not exclusive, cause. The law (contracts) prohibits cities from compensating police and fire according to market value. Businesses and residents move out because they do not want to pay the level of taxation necessary to finance these contracts, or because they cannot afford to. It's an example of the free market working and sending a message to cites to reduce spending, cops and firefighters, fight them at the bargaining table and threaten, if not, go bankruptcy.
Cops and firefighters are scared to death of bankruptcy. It would invalidate their contracts and the state would move in and compensate them according to the market value of their jobs. They would be shocked to learn how little their jobs would pay if the free market reigned. They'd probably take pay cuts of at least 30-40%.
Police and fire jobs are unskilled laborer positions. THEY ARE NOT PROFESSIONALS. The free market is working itself out and telling us that. Wake up people!
Detroit had the intestinal fortitude to go bankrupt, and should Utica do so also. Stop flushing money down the toilet and stand up to the cops and firefighters. It's not the 1950's anymore and Ruffie Elefante is not coming back to life.
#2 Jul 23, 2013
I like the idea of Bankruptcy, see you are correct, about pay cuts etc.
but, the GREAT thing is payments for people on WELFARE will stop for 60 days also, that mean no money,or EBT cards I like that
#3 Jul 23, 2013
Your not all wrong but a big factor you didn't mention was people actually move out of cities because of blacks and blacks in the schools not so much because of police and fire. When that happens is when the police and fire become a problem because the blacks don't stop crime and medical calls they actually cause more adding to the problem because the tax base has gone to the suburbs and Utica is left with over 120 police calls a day and moon crickets
#4 Jul 24, 2013
All because the city bean counters ratchet the numbers according to the past when Broad Street was teeming with industry & businesses. When the businesses and industry shut down and move out - they don't adjust, they just chisel the losses out of what's remaining.
#5 Jul 24, 2013
The city doesn't send out the welfare payments. A Utica bankruptcy would have no effect on recipients.
#6 Jul 24, 2013
In Detroit before the bankruptcy filing the state appointed manager tried to negotiate a settlement with the unions and creditors. They refused. Now it's unclear what the unions, including current retirees, can expect.
This should serve as a clear warning to the public sector unions here.
#7 Jul 24, 2013
I love it! Can't wait to see the friends and family go down after taking from me for so long. They should have left me alone.
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