Need we say more?
Posted on 07/20/2013 12:46:04 PM PDT by reaganaut1
...
But while Michigan Gov. Rick Snyder has capably overseen Detroit’s march to Chapter 9, neither the state nor the federal government has evinced any inclination to provide meaningful financial assistance.
That’s a mistake. No one likes bailouts or the prospect of rewarding Detroit’s historic fiscal mismanagement. But apart from voting in elections, the 700,000 remaining residents of the Motor City are no more responsible for Detroit’s problems than were the victims of Hurricane Sandy for theirs, and eventually Congress decided to help them.
America is just as much about aiding those less fortunate as it is about personal responsibility. Government does this in so many ways; why shouldn’t it help Detroit rebuild itself?
Many call for scaling back the city to fit realistic population projections. While logical, the potential for downsizing Detroit is limited because the city’s population didn’t flee from just one neighborhood; the departures were scattered, requiring Detroit to deliver services across a geographic area the size of Philadelphia, with less than half the population. Further cuts will surely come, but in some key areas, like public safety and blight removal, Detroit needs to spend more, not less.
That necessitates large-scale reductions in its liabilities, which total as much as $18 billion. By comparison, the country’s second largest municipal bankruptcy — that of Jefferson County, Ala., which is slightly smaller than Detroit in population — involves $4 billion of liabilities.
Detroit faces greater challenges than the automakers because the structure of its obligations is quite different from those of General Motors and Chrysler.
(Excerpt) Read more at opinionator.blogs.nytimes.com ...
There is no saving Detroit. Aboveground nuclear tests are about the only logical thing left to do.
“apart from voting in elections, the 700,000 remaining residents of the Motor City are no more responsible for Detroit’s problems”...
So, then who elected these left wing financially irresponsible idiots over then last 40 years or so?
bfl
I’d bet it’s already in that 600pg+ bill which no one’s even read.
Location Location Location. Those Michigan winters can be tough. What new industry is opening in the Detroit area to draw people there? It’s not a 1900 world anymore. People, materials, products and ideas all can move much easier and cheaper.
Bulldoze it all to the ground and return it to farmland.
What would it take to “save” Detroit; A couple of hundred D11s? Now that would help the economy.
No, why should I bail out unionestas?
My life is already diminished because of policies of the current leftist administration. Why should I prop up the lemmings? Why should I support the evil that wants to enslave my children?
Need we say more?
Bail out Detroit?
So retired Detroit city workers can continue pulling down higher pensions than the taxpayers who would be stuck with the bill?
The current median income of US taxpayers who would pay the taxes used to bail out Detroit is somewhere around $30,000 per year.
Step in a save Detroit. NEVER! The unions got them where they are and the unions can now figure out how to bail them out on their own. The little town I live in needs financial support but do you see anyone from the gubmint wanting to step in and help. (It’ll never happen and it likewise should not happen in Detroit or any other slum hole city like it).
Its not America’s job to save Detroit.
I don’t believe that Detroit can be saved. It’s been rotting from the inside out for decades.
Nope. Detroit should look more like Chernobyl than it does already.
Bump!
It’s the New York Times, what do you expect? If poor minorities and working class people (basically, Detroit) ever understood the cause-and-effect that the policies of the NY Times readership (the gay bathhouse and guilty-white-liberal dinner party crowd) pushes, they’d be storming Fire Island and Marthas Vineyard with torches.
Let them rot in Detroit, all of them, everyone who chose to live there and invest there.
What’s left to “save”? Nothing, really. Homes won’t sell for $1; public services don’t work; police take an hour to respond to 911 calls; they have the lowest of all possible underclasses, completely illiterate. Why would anybody step in to save that? The only good reason I can think of to save the place is it would keep the remaining half-million ferals where they are and prevent them from moving to another city.
Let’s just let Detroit rot as an object lesson to the rest of the country. Elections have consequences. Decisions have consequences. Let the residents of Detroit live with their consequences.
Here’s an idea. Every rich elitist liberal should be required to adopt an inner city family AND a laid off city worker from Detroit. They’re all into social engineering. Let them be hands on about it.
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