The Foreclosure On Detroit - Mayor Bing, Financial Board Slash Union Pay And Benefits

Financial board OKs Mayor Dave Bing's plan to slash pay, benefits for union workers


From The Article

In its first major action on righting the city's finances, Detroit's financial advisory board approved Mayor Dave Bing's plans Thursday for $100 million in cuts to the city's unionized workforce that his administration is expected to impose without negotiations.
Included are a 10% pay decrease, higher out-of-pocket health care costs and limits on overtime.
The wage reduction would would apply to police and firefighters, a cut that Bing long has sought. In addition, workers would move into a health plan with higher co-pays and higher costs for prescriptions.
Union leaders called the proposal an attack on labor.
"It's an attempt to back-door a right-to-work environment within Detroit municipal government," said Greg Murray, vice president of the Senior Accountants, Analysts and Appraisers Association.

ANALYSIS

We are past the theatrics that had been used to delay the inevitable.
The claims about the "take over of the largest 'Black City outside of Africa'" won't ever be used to question the decades of leadership that has lead the city to its current place.

Instead such an indictment is used as a means of "congregational unity" among the masses.  They are asked to FIGHT against the forces that are threatening to "foreclose" upon the city, expressing the audacity to follow through in protecting their hundreds of millions of dollars in interests invested in the city (municipal bonds, etc).

Those who took power of Detroit (and other cities like it) decades ago followed the "people/workers first" meme.   This kept them in power as they made their priority clear.

Fast forward several years and we note that all of the financial promises made to the workers, combined with the failure to retain an adequate tax base for the city has shown that the principals that remain in power (the machine that they are encapsulated within) did what was necessary to remain the confidence of the people at the retail level yet they have failed to apply sufficient fiduciary care for the city as a solvent entity.

Today the WORKERS suffer as the shell game that they purchased into "back in the day" has caught up with them.

THIS POST IS NOT A TALE OF DETROIT.
I challenge you to explain how the United States as a whole, which is an aggregation of local economies, is going to avoid suffering the same fate?