Posted on 03/01/2013 6:54:27 AM PST by Texas Eagle
While the national media was busy counting down to the $85 billion automatic federal spending sequestration, Detroit Mayor and basketball legend Dave Bing announced that the State of Michigan will take control of the city on March 1st by appointing an Emergency Financial Manager with the equivalent control of a bankruptcy trustee.
Detroit committed municipal suicide through crony capitalism and union feather-bedding. As the city’s population shrank from 1.8 million in 1950 to 714,000, Detroit refused to shrink government spending by the $327 million necessary to balance its budget.
Perhaps the example of Detroit’s downfall will prod Congress to get serious about downsizing the federal spending before America meets suffers a similar fate.
(Excerpt) Read more at chrissstreetandcompany.com ...
That sucker appointee is merely a fall guy. That rat hole is irreversible given the bloodsuckers who have to be eliminated.
:: 1.8 million in 1950 to 714,000, Detroit refused to shrink government spending by the $327 million necessary to balance its budget. ::
The problem is that has always been and continues to be 714,000 citizens dependent in some way on the largess of the city government.
There are many in Congress (and the Executive and Judicial branches) who want the entire country to meet the same fate as Detroit.
Perhaps the example of Detroit’s downfall will prod Congress to get serious about downsizing the federal spending”
...wishful thinking. Ain’t gonna happen. O has carte blanche and there aren’t enough Ted Cruz’ to stop him.
Detroit's hopeless?
So is America .. we've lost, folks.
There aren't enough guts to march on Washington and burn it down.
An article in the Detroit Free Press stated that the emergency manager does NOT have the power to void existing union contracts..
Maybe they will dig up that grand old commie Coleman Young and install him as the Zombie Emergency Manager.
If that’s true, then his hands are tied. Wasn’t it someone in office in Detroit that said that they got Obama elected and now it’s time for him to pay back by bailing them out?
The city of Detroit municipal workers including the teachers, police and municipal hospital workers are nothing but a jobs program for the unemployable. The infrastructure, safety, health and education has been placed in the hands of the most incompetent group of unemployable flotsam ever assembled.
The same process of hiring the otherwise unemployable is the reason for the demise of the US Postal Service.
The guy must feel like he just got handed the keys to a leper colony.
“The city of Detroit municipal workers including the teachers, police and municipal hospital workers are nothing but a jobs program for the unemployable. The infrastructure, safety, health and education has been placed in the hands of the most incompetent group of unemployable flotsam ever assembled.”
But, but weez be need’n all dat “free $h!t” to survive! The “Holder’s People” residents of Detroit are about to have their “rug” pulled out from under them. Ditto the USPS. When there is no more money, there is no more money!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.