Detroit Bankruptcy....The workers are about to get creamed.

A federal judge has agreed that it is OK to pay for Detroit’s bankruptcy by screwing the city workers out of their pensions. 

The auto companies sent the factories out of the country. That screwed the private workers. That decimated the tax base of Detroit which created all the problems. Now they will finish it off by screwing the public workers too. 

The common denominator is always the workers get screwed. First they get blamed. Then they get screwed.

Sure they were promised this and promised that. Sure the workers did their part. But now the rules will be changed.

When GM went to the US government, with their pockets turned inside out, and pleaded for a bailout..... they got it. The GM workers agreed to take less money (and less benefits) and the company took the taxpayers money and tossed it in their bank account.

Remember when Congress lambasted the Big 3 CEO’s for flying to Washington on their private jets to ask for a bailout. Congress called them out on that…… What should have happened next is the Government should have said they will bail GM out…… but only if they agree to move ALL the jobs back to the USA. Every last one of them.

If they agreed then they get bailed out. If they didn’t then they can join Studabaker on the ash heap of failed companies.

Instead Congress made no demands at all and now the result is more workers are going to get kicked in the teeth.

12 Billion dollars fixes the Detroit’s pensions. 85 Billion dollars goes to Wall Street every month. What if next month Wall Street only got 73 Billion and Detroit pensions got secured with the other 12? Would the world end if that happened? We are talking about 20,000+ people who are about to get creamed.

If these were Goldman Sachs Pensions at risk you bet your sweet azz they would be saved.

Funny how that works.