Poll: State Support Strong for $350 MILLION “Bailout” DIA, Pension Aid

Oh really? Who did this poll? Who did they call? How did they spin the questions? Did Snyder retain the services of this polling company? When is a bailout not a bailout but rather a settlement? Bailout Detroit

I personally have not talked to anyone who is in favor of this “Bailout” or have I seen support for this on any social media web sites! When our elected officials want to spend taxpayers money in this fashion they will go to any and all lengths as to spin the “propaganda” as to make it look like the citizenry is all for this.

http://www.detroitnews.com/article/20140314/METRO06/303140041/Poll-State-support-strong-350M-DIA-pension-aid

Snyder announced that he hoped to use $350 million of state money (taxpayer money) to raise the funds as to shore up Detroit’s underfunded pension plans. Legislative leaders in both houses expressed provisional support for the plan.

http://www.freep.com/article/20140127/BUSINESS06/301270105/Detroit-bankuptcy-bondholders-pensions-DIA

When is a bailout not a bailout but rather a settlement?

Clearly, it’s when Governor Rick Snyder and the Republican controlled legislature believes the B-word, “Bailout” carries such a negative connotation that his idea for the bailout might not get the necessary support it needs for passage. Bankruptcy Court

http://www.detroitnews.com/article/20140124/OPINION01/301240020

Detroit bailout no sure thing

The conversation about the $350 million state bailout of Detroit is proceeding as if it’s a done deal.

http://www.detroitnews.com/article/20140209/OPINION01/302090008

Governor Snyder Pledges $350 Million in Detroit “Bailout” & Then Some

Just a coincidence that this taxpayer funded figure is the same as the figure below owed to the Bansters? Hmmm…Oh but Snyder says let me repeat this is not a “Bailout” then what would you call it? Banksters Cartoon

The city previously arranged $350 million in new financing from London-based Barclays, but that credit agreement was contingent on the city’s ability to settle its disastrous swaps agreement made with UBS and Merrill Lynch in 2005. All Michigan taxpayers need to come to the table in this reorganization reinvention plan don’t you know! The political thieves rob the city and now we taxpayers get to pony up! 

http://www.freep.com/article/20140221/NEWS01/302220007/Detroit-Chapter-9-bankruptcy-plan-of-adjustment-Steven-Rhodes-Kevyn-Orr

One Of Nation’s Top Credit-Rating Agencies Questions Snyder’s Pension Bailout Plan

http://www.deadlinedetroit.com/articles/8108/one_of_nation_s_top_credit-rating_agencies_questions_snyder_s_pension_bailout_plan

Bond rating agency blasts Snyder’s $350-million Detroit “Bailout” Plan

Amy Laskey, managing director of Fitch Ratings, wrote “The governor’s comment that state funds will not bail out bondholders or Wall Street but are going to Michiganders suggests an ‘us versus them’ orientation to debt repayment that undermines willingness to pay public debt in Michigan.” Bankruptcy Hardship

Snyder announced that he hoped to use $350 million of state money (taxpayer money) to raise the funds as to shore up Detroit’s underfunded pension plans. Legislative leaders in both houses expressed provisional support for the plan.

http://www.freep.com/article/20140127/BUSINESS06/301270105/Detroit-bankuptcy-bondholders-pensions-DIA

Fitch calls Snyder proposal to shore up Detroit pensions ‘troubling’

“The governor’s comment that state funds will not bail out bondholders or Wall Street but are going to Michiganders suggests an ‘us versus them’ orientation to debt repayment that undermines willingness to pay public debt in Michigan,” Fitch said.

http://www.detroitnews.com/article/20140127/METRO01/301270073

Detroit Turns Bankruptcy Into Wall St. Vs. Main St.

http://www.cnbc.com/id/101388706

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