Please do not posted editorials in the Front Page sidebar.
I saw pictures of Detroit’s city council ,now that’s work of art
Sell them all. Or have the bondholders seize them like what happened to the Argentinian naval vessel.
The flaw in this idea is that the assets in question are not owned by the entity that owes the money to the bondholders.
What would happen to the regional taxing authority that the voters stupidly approved last November to fund the Detroit Institute of Art (DIA) and other entities, such as the Detroit Zoo? Do the residents of Wayne, Macomb, and Oakland counties not have a stake in the assets of the DIA?
A once great city totally trashed by creeps using government to enrich themselves at the taxpayers’ expense.
CC
You can't fix stupid.
Why stop with the DIA?
We could sell off the original of the Declaration of Independence, to help pay off the National Debt.
Or, how about the the naming rights to the Lincoln Memorial or the White House?
Better yet, renaming the Capital Building to reflect Corporate sponsorship would make de jure what’s now only de facto.
And... the possibilities at the State level are endless: for example Texas is raiding the rainy day find to pay for roads; would it not be better to turn the Alamo into the privately operated theme park to raise cash for freeways?
I’d like to see the unions and assorted other corrupt groups in the municipal government be told they each get one representative and they must sit down and solve this problem with some people from private sector. No payoffs- no backdoor deals- solve this together. In the open. ALL ideas on the table. NOTHING stays as is- not tax structures not unions- nothing. Start from scratch. Sequestered until solved.
Well...it’s just a fantasy!!!
I’m sorry but the works of art at the Institute probably don’t mean much to the Detroit populous that just wants free Obama phones and money from Obama’s stash. The old adage about putting pearls before swine comes to mind. I can hardly imagine there is anyone left in Detroit who would seriously visit these collections let alone anyone foolhardy enough to come to Detroit as a tourist to see these works of art. Sell off the collections at DIA and fund the city’s own bailout. I doubt that there is anyone in Detroit who would miss the art.