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Morganfleeman

(117 posts)

27. It's the Supremacy Clause at work

Reply to deancr (Reply #14)

Tue Dec 3, 2013, 05:10 PM

Dec 2013

It doesn't matter what the State Constitution states in this respect. By definition Federal bankruptcy operates to void or modify contracts. There are some exceptions but municipal labor or pension contracts are not immune to change in bankruptcy. They are treated just as any other unsecured obligations and hence that's why the Court ruled this way. You would have to amend bankruptcy law to get a different result.

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Highlight:

Judge Allows Detroit Bankruptcy to Go Forward [View all] onehandle Dec 2013 OP

Saw it on a Bloomberg Breaking banner too. nt BumRushDaShow Dec 2013 #1

This is really bad greatlaurel Dec 2013 #2

1 question rdking647 Dec 2013 #4

The GOP has been aided a great deal TBF Dec 2013 #25

Detroit should be suing Wall St for Fraudulent Financial Products Demeter Dec 2013 #3

and if the lose? rdking647 Dec 2013 #5

+ 1 russspeakeasy Dec 2013 #6

So this frees Detroit from paying those pensions, correct? CoffeeCat Dec 2013 #7

not yet rdking647 Dec 2013 #8

I just read the article.... CoffeeCat Dec 2013 #9

16% is the plan (last I heard) SlipperySlope Dec 2013 #10

It's worse than that. jeff47 Dec 2013 #11

...crimes against humanity. SoapBox Dec 2013 #18

NOTE: Police and firefighters DID NOT contribute to Social Security. Festivito Dec 2013 #39

there should be a law that pension obligations for public and private employees can't be gamed away yurbud Dec 2013 #12

There is a law in Michigan deancr Dec 2013 #14

And the Banksters will still call the shots AND get their money. SoapBox Dec 2013 #17

how do you pay rdking647 Dec 2013 #24

It's the Supremacy Clause at work Morganfleeman Dec 2013 #27

Or deancr Dec 2013 #28

played as much or more of a role in detroit's failing deancr Dec 2013 #29

I forgot for a moment: when the rich wasn't something, laws don't matter yurbud Dec 2013 #33

Absolutely. NaturalHigh Dec 2013 #23

What factors contribute to this Detroit bankruptcy? knic Dec 2013 #13

They have lost 60% of their population hack89 Dec 2013 #19

JOBS. navarth Dec 2013 #30

Detroit's decline predates globalization hack89 Dec 2013 #32

If the tax base has shrunk knic Dec 2013 #34

It didn't shrink in size geographically hack89 Dec 2013 #36

There goes the DIA. eggplant Dec 2013 #15

Yup. This is going to get ugly. progressoid Dec 2013 #16

All things being equal... eggplant Dec 2013 #37

More coverage from the Detroit Free Press/Detroit News alp227 Dec 2013 #20

If all of the residents of Detroit decided to move, safeinOhio Dec 2013 #21

How CRAZY are Republicans/Greedy? Michigan-Answers ? mitty14u2 Dec 2013 #22

"Snyder’s emergency management" Detroit Bankruptcy mitty14u2 Dec 2013 #26

I think they're going after the Water Works more than anything. navarth Dec 2013 #31

You think the horseshoer will get to keep his job if this happens? philosslayer Dec 2013 #35

You post a link from the Mackinac Center??? navarth Dec 2013 #40

I have no idea what the Mackinac Center is philosslayer Dec 2013 #41

"Feel better now?" navarth Dec 2013 #42

It's a news story philosslayer Dec 2013 #43

Like Fox News is a news story. navarth Dec 2013 #44

simple solution...unincorporate..nt quadrature Dec 2013 #38