108 search results for "detroit bailout"

Cronyism, Democrats, Detroit, Michigan, Opinion, Part Time Legislature, Rent Seeking

Forget it, Duggan, Your Bailout Subsidy Answered the Door Naked

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Slick Rick’s clown-car of gimme, gimme, gimme actors in Detroit, are completely delusional.

Money SwirlMayor Mike Duggan says he doesn’t expect his proposal for low-cost auto insurance in Detroit to be derailed by the legal troubles of the bill’s planned sponsor, state Sen. Virgil Smith.

According to an article I read while going through Safeco insurance reviews, Duggan told City Council members on Tuesday he is pressing forward with his January timetable for the plan, which would allow auto insurance companies to sell Detroiters lower-cost policies with a maximum of $275,000 in medical coverage for auto-related injuries.

Smith, D-Detroit, who last month announced he would sponsor the proposed legislation, was arrested in connection with an assault and shooting involving his ex-wife.

The mayor stressed Tuesday that Smith’s challenges will not jeopardize the proposal. The next stop, he added, will be to seek a Senate hearing.

“We’re going to do what we’ve got to do and line up our votes,” Duggan told reporters, adding he’s confident that he’ll ultimately gain the support of the Michigan Legislature.

MORE

Ya, right. Below is a glaring representative example why insurance rates are higher in the City of Detroit.

So, which legislator would like to sign his name to Duggan and Snyder’s special carve out? Better yet, which legislator would like to put his name next to a vote for that?

Good luck.

You Betcha! (14)Nuh Uh.(1)

Cronyism, Detroit, Elections, Michigan, Michigan Politics, Proposal 15-1

Prop 1…Detroit’s ‘River’ of Opportunity

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Prop 1 is for roads???...Hardly...

Detroit is deadDetroit’s ‘Core’ a ‘Common’ problem…

Being a ‘newbie’ senior citizen, I’ll have to rely on the ‘old school’ math, but…let’s at least try to sum this up, shall we???

We don’t have to go back too far, let’s just start with the Guv’s 2012 budget, and it’s expansion since then… http://ballotpedia.org/Michigan_state_budget_%282011-2012%29#Deal_negotiated

$47 billion for 2012, and now asking $53 billion…and an estimated $2 billion more each year in tax increases proposed in Prop 1…Just where is all this money going???…Let’s follow some (most) of it…I have…

Starting with the Detroit bankruptcy bailout, $195 million, our State tax money…We’ll try (try, that is) to keep a running total…Stay with me here, the ‘River” gets murky in some spots…http://www.freep.com/story/news/local/detroit-bankruptcy/2014/11/08/detroit-bankruptcy-timeline/18680129/…Speaking of rivers, let’s cross this one… http://blogs.windsorstar.com/news/snyder-canadian-leaders-urge-washington-to-fund-dric-customs-plaza. The $550 million Canada has promised for the bridge construction is a loan, to be repaid from tolls, but that’s another story entirely…So Detroit has $195 million in State money to get itself out of Court…

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Democrats, Detroit, Rent Seeking, Republicans

Snyder’s *non-bailout* Detoilet Bailout and Lansing Legislator Looter Scorecard

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I have to hand it to the folks over at MCC, this is a great vote tracking device.

A bipartisan 10-bill package has been introduced in the Michigan House related to a proposed Detroit bailout. A link to the concise, objective, plain-English MichiganVotes.org descriptions of all 10 bills is here.

It’s worth noting that the grant (or bailout) bills do not require passage of the reform bills to become law. Also, nothing would prohibit a future Legislature from repealing the reform measures, although in practical terms this could get complicated given that a potential federal court bankruptcy settlement may be all wrapped together with the grant and reforms — if they are approved.

REST

Big, big, Thank You shout out to, Mr. McHugh.

onetermnerdA reminder from the beginning of the year… when Bee-esS Talks – Money Walks.

You Betcha! (35)Nuh Uh.(0)

All the Other Stuff, Conservative News, Cronyism, Democrats, Detroit, Elections, Michigan Politics

Rick Snyder tells Michigan Taxpayers (living outside of Detroit) to go spin on it.

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This story is certainly getting very little attention across Michigan.

I just cannot imagine why?

After living large from the public trough for decades, using the same pubic treasury to pay hush money in order to avoid embarrassing behavior from the public spotlight, money from the public treasury going to businesses that have bought off city council votes and getting a disproportionate share of a myriad of breaks and special carve-outs from Lansing during all that time (and I’m just starting here), Governor Snyder is going to play the crony capitalist game one more time and put Michigan Taxpayers on the hook again.

 

{Continued below the fold}

 

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You Betcha! (10)Nuh Uh.(4)

Cronyism, Detroit, Michigan

Don’t Bail Out Detroit

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Apparently, there is a caveat to recent ‘good news’ for the DIA.

Reposted from The Mackinac Center for Public Policy in time for Rick Snyder’s State of the state address tonight:

 

Don’t Bail Out Detroit with State Tax Dollars

By Michael Lafaive
The recent announcement that philanthropic foundations may donate $330 million to help the Detroit Institute of Arts, which would also help city pensioners avoid the consequences of Detroit government mismanagement, sounds like great news.

Unfortunately, there may be a hook: A requirement that the state treasury contribute, which would convert voluntary private generosity into a coerced taxpayer bailout.

A state bailout of Detroit is a terrible idea. It creates moral hazard and adds to the overly generous financial support the city has for years received from state taxpayers.

And it’s unfair.

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You Betcha! (2)Nuh Uh.(0)

All the Other Stuff, Conservative News, Cronyism, Democrats, Detroit, Elections, Liberty, Michigan, Michigan Politics, Opinion, Republicans, Taxes

Taxupalozza 2020

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Coming when you least expect it!

So, what do you get when you add a ton of special interest groups who feel that they are even more entitled to your money than you are (and their hopes that you’re not paying any attention to them whatsoever)?

You get the makings for a very interesting (series?) of elections in 2020…that’s what!

{More below the fold}

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You Betcha! (9)Nuh Uh.(3)

Democrats, Michigan

Damn Good Thing Eddie Duggan was on Gretchen Whitmer’s Transition Team Otherwise Dana Nessel Would be Placed in a bad Position

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Oh shit, is that title right? No, it’s not. And I thank Charlie LeDuff (listen to connect the dots there), the folks over at Deadline Detroit, and Bankhole, for keeping this alive.

Peon scapegoats? After the Rick Snyder/Brian Calley Detroit bailout?

If the feds don’t smash this Ed McNamara politburo machine down, then there’s no point in building a wall. Not for Michigan families, anyway.

You Betcha! (10)Nuh Uh.(1)

2018 Michigan Gubernatorial Race, Conservative News, Cronyism, Elections, Michigan, Michigan Politics

Snyder “It’s Been A Gas!” (tax)

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Rick Snyder to say Adios to Michigan gaspayers this year

Rick Snyder will be gone after this year.

We will no longer have a progressive Democrat masquerading as a Republican in the governor’s office.  That is, unless his carefully selected heir is somehow elected.  From the Detroit Free Press:

Michigan Gov. Rick Snyder is expected to officially endorse Lt. Gov. Brian Calley at a campaign event in Southfield Wednesday.

“Lt. Gov. Calley and Gov. Snyder will attend an event this afternoon to highlight the best way to continue Michigan’s comeback over the next four years,” said Calley campaign spokesman Michael Schrimpf.

You know the guy.

Mr march-over-a-bridge-with-pied-piper-child-like-men-and-women political ad star?.  The guy who is Rick Snyder’s “Hillary?”  The guy who was the ‘conservative‘ in the executive branch?

The guy who was there to make sure that Michigan Taxpayers pony up an additional $1.8 Billion for roads sadly neglected because of Detroit bailouts and general fiscal malfeasance. Even after voters said.. “Nah we don’t want that” about Prop 15-1

Certainly, Brian Calley will parrot Slick Rick’s latest beg for new taxes.  Go ahead and ask him if he agrees when the Governor says we ain’t ponying up enough.

LANSING – It’s time to raise the federal gas tax to help fix Michigan’s ravaged roads, Gov. Rick Snyder said Tuesday.

Snyder, a Republican who is under fire along with state lawmakers over the shape of Michigan’s roads, said the state has taken steps to increase road funding and can do more, but it’s also time for the federal government to step up.

He said the state has increased road funding more than $1 billion annually since he took office, but federal road funding has decreased $250 million a year during that time.

“We need federal, state and local partners all working together,” but the feds are “going backwards on us,” he said.

Backward.

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You Betcha! (14)Nuh Uh.(1)

Conservative News, Elections, Michigan, Michigan Politics, Opinion, Part Time Legislature

So, what’s the catch?

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Is it just me, or is anyone else waiting for the other shoe to drop?

LG Calley made one of his two big announcements this week.

The second is still anyone’s guess. Will he be running run for governor? Will he run for US Senate?

We’ll know that one on Thursday.

But this one is a real head scratcher.

{I’ve got more after the fold}

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You Betcha! (8)Nuh Uh.(0)