 should michigan pass a package of bills to bailout detroit with oversight by a committee to guarantee their solvency  yes no undecided detroit bailout i do agree with changing the pension system to a 401k and having a committee to oversee their finances does make sense but with any bankruptcy assets need to be sold if possible i think that some of the artwork could be sold why should the entire state pay for detroit s mistakes  detriot bailout creating a nanny to oversea detroit is a non winner for both the state and detroit detroit needs to admit to itself that they had ample forewarning and chose to ignore the advice there already exists a plantation mentality by both the citizens and the government official in the city and bailing them out does nothing for force them to learn from these mistakes and cultivate responsible management of their government detroit really they did create their own problem and it is their responsibility to pay for it it is not the responsibility of the rest of the state yes they may have to sell some valuable artwork maybe just one piece aww and or sell the water system or real estate that s the breaksyes they need to move to defined contribution pensions as soon as possible but be careful about this when new labor contracts are entered into recall how the unions extended existing contracts for a long time in order to avoid right to work yes there needs to be a commission as described to monitor much of detroit s fiscal behavior in the next 20 years minimum there is always a huge city of detroit scandal every 20 years so it might be good for a commission to run longer with the intention of trying to change that scandal culture so that those accustomed to it will die off and the younger replacements might not be trained in it who knows i don t recall whether the description of the commission included appointments to the pension board s and commission monitoring of the pension systems that has been a real corrupt cess pool and that needs to happen i m nervous about the concept that the commission would not be active during periods of fiscal health in detroit this is a problem first accountants can make anything seem like it meets some terms and second a new granholm as governor would automatically define anything as fiscal health to play games with detroit so i think it s a bad and risky idea that should be scrapped finally obviously the discussion of an amount of a bail out is a buy in to get the extended commission ok get to a number that is really low 1 millionand no more a million is enough to sound serious and not insulting to detroiters and not so high that it insults the rest of us 195 million is still a huge insult to the rest of us robbing peter to pay paul   broke nations are bailing out other broke nations with borrowed money units of government are following suit how long before the entire system collapses greed gluttony pride all with promises of a bright future from political hacks we elect if the entire us gross domestic product is 63 trillion dollars and we supposedly owe the international bankers up to 211 trillion dollars in debt how does common core math reconcile this problem  http theeconomiccollapseblogcom archives tag bailouts father god have mercy on our ignorance and arrogance individually and as a nation  http deadlysinscom sins gluttonyhtml in the 1990s we warned units of government as their counsel to use san diego as a model of what not to invest in ie derivatives all smoke and mirrors to support pension funds that county collapsed its system you can not squeeze lemon from a rubber tire philip nancy bareham  should michigan pass package bills bailout detroit with oversight committee guarantee their solvency  