Tags: unions | obama | detroit | bailout

Unions Ask Obama to Bailout Detroit

Image: Unions Ask Obama to Bailout Detroit

Friday, 26 Jul 2013 03:07 PM

By Dan Weil

Union heavyweights want the federal government to provide a bailout to Detroit, which filed for bankruptcy last week.

The executive council of the AFL-CIO, the nation’s largest labor federation, asked for an "immediate infusion of federal assistance for Detroit" in a statement Friday, The Hill reports. And the union leaders want that aid to be matched by the state of Michigan.

The council consists of more than 50 leaders from a range of labor groups.

"Bankruptcy must not be used as a tool to impoverish city of Detroit workers or retirees," the statement said.

"City workers have already made severe concessions to keep the city afloat.They are not to blame for Detroit’s financial problems, yet they have been making sacrifices all along the way to help the city out.”

In their statement, the union leaders take out their frustration on Republican Gov. Rick Snyder and the Kevyn Orr, the emergency financial manager for Detroit.

"It appears that Gov. Snyder and Kevyn Orr are pushing Detroit into bankruptcy to gut the modest benefits received by Detroit’s retired public service employees," the statement reads.

Snyder has said the city's sorry financial condition made bankruptcy unavoidable, and he has ruled out a state bailout.

President Barack Obama hasn't shown any interest in a federal bailout either and presidential spokesman Jay Carney indicated last week that no federal aid is forthcoming.

Many Republicans are vehemently opposed to a federal bailout as well. At least five Republican senators have proposed amendments to spending bills in recent days to prevent taxpayer money from being used to help Detroit or other cities during hard times, USA Today reports.

One of the five is Texas Sen. John Cornyn.

"There's no good reason why Detroit or any other American city ought to receive a taxpayer-funded bailout from Washington," he says, adding that he hopes the Obama Administration "resists any temptation to meddle in the process and play politics."

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Kaiser Poll: Americans Want to Keep Obamacare Subsidies

Wednesday, 28 Jan 2015 15:07 PM

Even if the Supreme Court outlaws Obamacare subsidies, most Americans want Congress to pass a law guaranteeing them, a n . . .

Military Pension Changes to be Proposed

Wednesday, 28 Jan 2015 15:02 PM

An independent commission is expected to call this week for creation of a 401(k)-style retirement system as part of an o . . .

NYT: Gas 'Not That Cheap' Compared to Last 30 Years

Wednesday, 28 Jan 2015 14:55 PM

When adjusted for inflation, the price of regular gas at the nation's pumps, averaging $2.03 per gallon, actually is hig . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved