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Turn Out The Lights U.S. Cities Are Becoming Cesspools Of Filth, Decay And Wret

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August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: Turn Out The Lights U.S. Cities Are Becoming Cesspools Of Filth, Decay And Wret  (Read 9371 times)
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« Reply #60 on: May 13, 2013, 01:02:34 pm »

RPT-UPDATE 1-Detroit emergency manager: city "clearly insolvent"
5/13/13
http://www.reuters.com/article/2013/05/13/usa-detroit-emergencymanager-idUSL2N0DU1K020130513?feedType=RSS&feedName=bankruptcyNews&rpc=43

By Nick Carey and Steve Neavling
    May 13 (Reuters) - Michigan's biggest city is "clearly
insolvent" and needs many fixes including to its pension system
and labor agreements to address its problems, according to a
report outlining the state of Detroit's finances.
    "The City of Detroit continues to incur expenditures in
excess of revenues despite cost reductions and proceeds from
longterm debt issuances," the city's recently installed
emergency manager, Kevyn Orr said in his first report. "In other
words, Detroit spends more than it takes in - it is clearly
insolvent on a cash flow basis."
    Detroit had only $64 million in cash on hand and current
obligations of $226 million on April 26, 2013-a negative net
cash position of $162 million, the report said.
    Operating expenditures have exceeded revenues by about $100
million a year since 2008, according to the report. The city had
an accumulated $326.6 million unrestricted deficit. Detroit is
projected to add an additional $60 million to the accumulated
deficit balance when the current fiscal year closes June 30. 
    The city will make $31 million in pension payments this
year, but will defer another $108 million in pension payments.
Orr stated that a city task force is reviewing the plans and
whether actuarial assumptions are accurate and funding is
adequate.
    The city also has $5.7 billion in unfunded retiree benefit
obligations.
    All told, Detroit has liabilities totaling $9.4 billion in a
variety of areas:  special revenue bonds, revolving loans,
pension obligations and other financial instruments. "Debt
service payments place a significant strain on the city's
budget," the report states.
    The city's retiree pool currently outnumbers active
employees by a 2 to 1 margin that is growing, the report said,
so Detroit "must address pension and retiree healthcare
liabilities as part of any comprehensive restructuring."
    On the labor front, Orr signaled he is prepared to take a
hard line with the city's unions. Noting that the state law
authorizes him to "reject, modify or terminate" any of the
city's 48 collective bargaining agreements, Orr states that he
is considering all options.
    "This power will be exercised, if necessary or desirable,
with the knowledge and understanding that many City employees
already have absorbed wage and benefit reductions," the report
states.
    The report also notes that a review of police, fire and
other emergency services is ongoing and that Detroit's
"infrastructure and public safety fleet are aged and decrepit,
which, in turn, increases the City's operating and repair costs
and decreases its productivity."
    The police and fire department both are in need of
restructuring, Orr found.
  Detroit must also evaluate "interest rates, amortization,
outstanding principal amounts, security interests, legacy
liabilities and all other aspects of short and longterm debt"
as part of a "comprehensive restructuring."
   "Significant and fundamental debt relief must be obtained to
allow the City's revitalization to continue and succeed," the
report says.
   Orr was installed by Michigan's Republican Governor Rick
Snyder in March to try to fix Detroit's finances through
bankruptcy if necessary. The city has been running a deficit of
around $100 million a year.
    In his report, which was required by law, Orr says the city
has obligations of "at least" $15 billion, some $2 billion more
than previously thought and will end this year with a deficit of
$125 million.
    Orr's report says Detroit is projecting a positive cash
balance through December 2013, adding "this is only as a result
of the significant amount of payment deferrals and amounts
borrowed from, and owed to, other funds, which is clearly not
sustainable in the long run."
    "Structural change must occur to address the City's
operating deficit and cash burn," the report adds.
    Detroit "will need to make significant investments to
upgrade capital assets so that it can provide necessary services
to its citizens and residents."
    Orr's report also notes that changes to the city's charter
and legislation may be required to reduce bureaucracy and
improve operations.
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