If Detroilet gets a bailout, just watch all the other liberal hellholes line up to get theirs too. Bad, bad precedent.
That is exactly what is gonna happen
This essentially amounts to republicans being mugged by Obama.
He’ll bail out after the elections, just like Obamacare.
It is an instrument of hyperinflation. Once you bail out zero productives, you have worthless paper money. THis is an outright catastrophe scenario.
Right now we are saved by banks “hoarding” cash, simply because the economy is so bad, the banks cannot invest it in anything worthy yet. But Obama wants them to release the moneys on crap... preferably if the GOP is in power for a coup, or when he is himself dictator and wants to wreck it all to gain control.
Chicago has %97 billion in debt, NY has nearly $110 billion in debt. Virtually every city in the country is buried in Debt with creditors apparently figuring that they’ll all get a bailout some day. NY got a $12 billion “loan guarantee” in 1975 and their debt has continued to grow.
I don’t want to hear about those cities have a tax base to support it because if they have $100 billion in debt, they don’t have enough taxpayers to prevent the debt from growing.
Not bailing out Detroit will have an interesting effect on creditors nationwide.
Detroit needs to be fixed right here in Michigan. Trimmed down to a manageable size and privatized.
> If Detroilet gets a bailout, just watch all the other liberal hellholes line up to get theirs too. Bad, bad precedent.
Suddenly all the liberal hellholes will be lined up with their hands out. I bet half the cities in Kalifornia, Louisiana, and Mississippi would be among them
“Detroilet”
Good effort but I think “De toilet” might be better. Or maybe “De troilet”
It is certainly funnier when you pronounce it with a bad french accent. Try it at home and see if you like it better.
Rand Paul got this one right. More money to Detroit is enabling and rewarding mismanagement.
The parasitic ticks are winning...
but the dog is dying.
Once the dog is dead... all of the ticks will die too...
because they have or will have already killed off all of the ‘other’ dogs, as well.
And the ignorants continue to “suck” on.....
It’s a feeling of utter helplessness and frustration... watching this happening but not being able to do anything to stop it.
I guess it’s a feeling that many others have had throughout the history of the world, while watching their country, their society and their civilization being dragged into that historical “dustbin”...and quite deliberately, it seems. But that isn’t exactly a comforting thought. I doubt that there even IS a comforting thought at this point.