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The Grand Bargain a grand reality

by: Eric B.

Wed Jun 04, 2014 at 15:09:50 PM EDT

Jack Lessenberry on the package of bills that moved through our ongoing experiment in the Dunning-Kruger effect regarding Detroit's bankruptcy.

They voted to transfer almost $195 million from the state’s rainy-day fund to a pool of money that would shore up city workers' pensions and protect the Detroit Institute of Arts.

This is not, whatever it is, a pure “government bailout.”

Most of the money in this pool is private, raised by foundations and supporters of the DIA. But the state’s contribution recognizes that we’re all in this together.

Senate Majority Leader Randy Richardville, who seems to have suddenly morphed into a statesman, said it best. “The only thing separating Detroit from Michigan is a comma.” He recognizes that the state can’t truly recover if its largest city is effectively destroyed.

I'll go on record as saying that I think our benevolent overlord Rick Michigan has done a pretty good job at turning Detroit around (if it can stay turned around), and there's only one last thing he can do as a favor to us all, strangle the phrase "grand bargain" and hold it under water until the bubbles stop surfacing. It is as cliched and shopworn as ever was.

Eric B. :: The Grand Bargain a grand reality
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... "Grand Bargain" for whom?
For whatever it is worth, I agree when you say:
... strangle the phrase "grand bargain" and hold it under water until the bubbles stop surfacing.

Moreover, if you don't mind, here is another point of view about the "Grand Bargain" from Mr. Tom Barrow (former candidate for Mayor of City of Detroit) ...
STATEMENT ON THE GRAND BARGAIN - A number of Detroit pensioners have asked me whether they should vote "Yes" or "No" on the so-called "Grand Bargain". While I explained that I am not a city retiree, I also explained that my mother was and therefore I agreed to say what I believe would have been in my mom's best interest.

I begin by stating that I have read the voluminous 3" thick document (no average senior citizen will likely ever read nor understand its complex legalese). I have also read the proposed ballot received to cast a vote. Having said that, I am convinced the "Grand Bargain" is not a bargain for retirees. It is a proposal which shifts the focus to the most vulnerable as if somehow they are responsible for the city's phony malaise.

The first glaring abnormality of the "Bargain" is that it requires retirees to waive essential constitutional rights to sue the State or City. This means that if current pending lawsuits surrounding the EM law are struck down, retirees will have consented to cut their own income and all of their generationally promised benefits. Why, because the pension is a state constitutional obligation. This alone should cause any retiree to question how grand the "Bargain" truly is. In my view, the truth is the "bargain" is a subliminal deal to get state funding necessary to transfer the DIA and its art assets into others hands allowing it to spin off from the control of the City of Detroit and thus its people.

The "bargain" also provides for a extreme reductions in benefits to those barely living and already sacrificing food for medicine. In short, it is a license to imprison and impoverish yourself. It is no secret that I have long stated that this entire bankruptcy was phony, contrived and intended to transfer wealth and a nearly last piece which involves pensioners who have relied on the promise. It wants seniors to consent to cut their own throat and is, in my view, absurd.

For these and a bevy of other unspoken reasons, I would have urged my own mother to vote "NO" as the "Bargain" is no bargain for you as the City of Detroit's consent to transfer its own wealth should not be on your back. In my view, Conservative are going to do what ever they want to do...he just would like to have your consent to point to it later!

Source: Retrieved on 06/04/2014 from Facebook

"In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell

Whenever somebody mentions Tom Barrow....
... I feel a need to append, "... ,convicted felon".

[ Parent ]
Mr. Grebner ...
... If you don't mind, please tell me whether or not you ...
... feel a need to append, "... ,convicted felon"
whenever somebody mentions Mike McGuinness.  Please advise.  Thank you in advance.  :-)

p.s. - Just for the record, I mean no disrespect to Mr. Michael McGuinness by asking this question.  

"In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell

[ Parent ]
No, I don't.
Michael McGuinness has the good sense not to run for office, unlike, for example, Tom Barrow.  He doesn't issue press releases to tout his views.  He isn't quoted in the papers as a pundit.

When Tom Barrow makes his pronouncements, and you re-broadcast them, it is well for somebody to quietly mutter that he was convicted of pocketing his clients' money, so perhaps his views on financial matters might be taken with a grain of salt.

Do you disagree?

[ Parent ]
Dear Mr. Grebner ...
... (Again, just for the record, I mean no disrespect to Mr. Michael McGuinness.)

Please know that I disagree when you say ...

... Michael McGuinness has the good sense not to run for office, unlike, for example, Tom Barrow.
because, based on the following news article written by Crystal A. Proxmire - Originally printed 8/5/2013, your statement is incorrect:  
"Mike McGuinness Hopes To Serve In City of Pontiac, Three Years After Pleading No Contest To Six Felonies"  

In addition, when Tom Barrow makes his pronouncements, and I re-broadcast them, it is well for you to know that Tom Barrow spent 18 months in prison for tax evasion and fraud after he was wrongfully convicted in 1994.

In 2008, Tom Barrow was exonerated of as you say "... pocketing his clients' money"... (see below)

Injustice:  In 1993, a federal jury found Barrow guilty of tax evasion and fraud, and he served 18 months in prison.  But Tom did not stop fighting the Internal Revenue Service over matters stemming from his conviction, and he scored what many observers call an unusual victory in U.S. Tax Court.  Judge Mark V.  Holmes issued an opinion that supported Barrow's contentions that he was convicted because of lies and deliberate mistakes by the IRS.

On November 25, 2008, the United States Tax Court issued its decision in Thomas J. Barrow v IRS Commissioner, 14551-02, in which it held that it found no fraud on the part of Barrow or his accounting firm surrounding tax years 1984, 1986, 1988 and 1989.   While acknowledging that the civil tax court could not overturn his conviction directly, the tax court held that the United States government (IRS) had made "startling" admissions which call into distinct question the validity of the conviction years of 1985, 1987 and 1988.  In a direct rebuke, the court closed for any assessment the years for which Barrow had been wrongfully convicted, essentially validating the conviction's falsity.

With the Tax Court opinion as ammunition, on December 17, 2007, Barrow filed a request with the United States District Court seeking to invalidate the convictions entirely based on the discovery of the agents' deceit and the tax court admissions by IRS agents that they had plugged his records and had calculated false deficiencies.  Tom currently awaits complete and final vindication from the District Court.

Tom Barrow Today: Despite the injustice of a wrongful conviction, Tom has spent the last 15 years quietly rebuilding his reputation and raising his family.  

Source: Detroit Mayoral Candidate of 2013: Tom Barrow

Lastly, Mr. Grebner, if you don't mind, please tell me whether or not you have read "... the voluminous 3" thick document" that Tom Barrow refers to in his "Statement on the Grand Bargain".  Thank you in advance.  :-)

"In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell

[ Parent ]
I'm just glad you spelled my name correctly.
For that, I thank you.

Great Lakes, Great Times.

[ Parent ]
Classic case of "right message, wrong messenger"

A government that robs Peter to pay Paul can always count on the support of Paul.

[ Parent ]

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