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Michigan bill would impose "financial martial law"

irish 2011/03/15 11:21:39
March 11, 2011 5:52 PM Michigan bill would impose "financial martial law"
Posted by Stephanie Condon

Rick Snyder

Michigan Gov. Rick Snyder signs his first bill as governor at the State Capitol in Lansing, Mich., on Tuesday March 8, 2011.


(Credit:
David Coates,AP Photo/The Detroit News)

Michigan lawmakers are on the verge of approving a bill that
would enable the governor to appoint "emergency managers" -- officials
with unilateral power to make sweeping changes to cities facing
financial troubles.

Under the legislation, the Michigan Messenger reports,
the governor could declare a "financial emergency" in towns or school
districts. He could then appoint a manager to fire local elected
officials, break contracts, seize and sell assets, eliminate services -
and even eliminate whole cities or school districts without any public
input.

The measure passed in the state Senate this week;
the House passed its own version earlier. The two versions of the bill
are expected to be reconciled next week, and Republican Gov. Rick Snyder
has said he will sign the bill the bill into law.

Democrats
and their allies are decrying the legislation as a power grab and say
it's part of a wider effort taking place in several states, such as Wisconsin, to weaken labor unions.



"It takes every decision in a city or school district and
puts it in the hands of the manager, from when the streets get plowed to
who plows them and how much they are paid," said
Mark Gaffney, president of the Michigan State AFL-CIO. "This is a
takeover by the right wing and it's an assault on democracy like I've
never seen."

U.S. Rep. John Conyers, a Democrat who represents Detroit, said in a statement
that in a given city, the governor's new "financial czar" could "force a
municipality into bankruptcy, a power that will surely be used to
extract further concessions from hardworking public sector workers."

He
said the legislation raises "serious constitutional concerns." On top
of that, he said, allowing an "emergency manager" to dissolve locally
elected bodies "implicitly targets minority communities that are
disproportionately impacted by the economic downturn, without providing
meaningful support for improved economic opportunity."

Republican
state Sen. Jack Brandenburg said several urban areas of the state,
especially Detroit, are in "bad shape" and require "financial martial
law," the Daily Tribune reports.

The
emergency manager, he said, "has to have the backbone, he has to have
the power, to null and void a contract." In response to concerns that
local leaders will have to cede control, Brandenburg said, "I'll tell
you what, I think that in a lot of these places there is no control."

An
emergency manager would only be put in place if several other steps to
save a city's finances failed, and Snyder has said in recent weeks that
removing elected officials or breaking contracts would be a last resort
for an emergency manager. In addition, the legislature would have the
power to remove an emergency manager.

As the "emergency
manager" bill nears final passage, state lawmakers are also considering
Snyder's proposed budget, which would cut spending on schools,
universities, prisons and communities, according to the Detroit Free Press.

Snyder
has also proposed eliminating $1.7 billion in tax breaks for
individuals while cutting $1.8 billion in taxes for businesses to spur
job growth. Much of the $1.7 billion in new tax revenue would be "coming
from retirees, senior citizens and the working poor," the Free Press
wrote in an editorial.

http://www.cbsnews.com/8301-503544_162-20042299-503544.html

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  • Beccy 2011/03/15 22:54:54
    Beccy
    +2
    This is what happens when people vote the parties and polls instead of the issues.Snyder will not be around for long
  • irish Beccy 2011/03/15 23:13:12
    irish
    +1
    but the damage he does will be.
  • Beccy irish 2011/03/15 23:17:08
    Beccy
    +1
    I am beginning to think the teaparty needs to be careful of what they hope for
  • irish Beccy 2011/03/15 23:19:34
    irish
    +1
    that one guy the other day was trying to tell me that the teaparty was not being subverted. oh yeah??? how blind can one be?
  • Beccy irish 2011/03/15 23:51:48
    Beccy
    +1
    I think it was the republican party all along
  • irish Beccy 2011/03/15 23:58:30
    irish
    +2
    all i see are politicians!
  • Beccy irish 2011/03/16 01:46:09
    Beccy
    +1
    All out for their own interests
  • irish Beccy 2011/03/16 10:02:27
    irish
    +1
    exactly. which is why the people need to select their own for office. no party allowed.
  • S. Gompers 2011/03/15 13:54:40
    S. Gompers
    +2
    Windigo Psychosis, as long as we have a fictional fiat currency system designed on debt the psychosis can only grow as the burden of compounding interest on our borrowed "National" currency consumes everything in its path. If you rounded up all the fiat that has ever been printed we could not pay off the National debt.

    Please watch this, it is long but informative.

    http://www.youtube.com/watch?...

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

    Napoleon Bonaparte, 1815

    "If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people. "

    Thomas Edison, The New Yo...

    Windigo Psychosis, as long as we have a fictional fiat currency system designed on debt the psychosis can only grow as the burden of compounding interest on our borrowed "National" currency consumes everything in its path. If you rounded up all the fiat that has ever been printed we could not pay off the National debt.

    Please watch this, it is long but informative.

    http://www.youtube.com/watch?...

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

    Napoleon Bonaparte, 1815

    "If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people. "

    Thomas Edison, The New York Times

    By the way Irish, I see you posted another of my articles back in December.
    (more)
  • irish S. Gompers 2011/03/15 23:13:52
    irish
    +1
    did i???
  • S. Gompers irish 2011/03/16 00:51:01
    S. Gompers
    +1
    Yes, A History Of Stimulus, Funny Money & Central Banking, I did that one a couple of years ago.
  • irish S. Gompers 2011/03/16 00:51:44
    irish
    +1
    ahhh! well it never hurts to repeat ,too many don't listen!
  • Autarchic 2011/03/15 11:40:58
    Autarchic
    +1
    Nothing surprises me anymore.
  • irish Autarchic 2011/03/15 12:15:37
    irish
    +2
    planned collapse internally ?
  • Autarchic irish 2011/03/15 12:27:25
    Autarchic
    +2
    We already know it is in the near future.
  • irish Autarchic 2011/03/15 23:14:06
    irish
    +1
    sadly,yes.

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