If people keep arguing and believing that "big greedy business" did it, then there is no hope for America. "Voters" will keep on electing the same old destroyers...and destroyers do what they do...destroy.
The lesson that should be learned from this is to start, from the next elections, installing people into positions of power who know at least economics 101a. Otherwise, the big cities will fall like dominoes into rack and ruin..
“...The most horrible part of this is the people who cannot, or will not, “connect the dots”....”
They can’t because they’re mentally diseased. Liberalism is a chronic, no-cure mental disease that rots out the brain’s ability to reason. It’s a sickness.
Detroit is the result of years of mental sickness. Liberals did it and liberals now own it...period. Obama should be proud of his minions....much like Mugabe.
IF the course is not changed soon, the whole country will become just like Zimbabwe.
This will go in one ear and out the other with libs. Unless an explanation of failure begins with “due to racism/capitalism/lack of funding/Republicans, they are incapable of hearing it.
It’s all going to crash. We are all Detroit. Detroit is a window into our future.
The Fed government is borrowing almost half of every dollar it spends. When necessary the Fed prints money to keep it going. They can’t afford to stop printing money and that creates inflation - it’s a killer for everyone. The democrats lead the charge and the republicrats - in the name of bipartisanship and compassionate conservatism go along with it at a slower pace, but they still do it too.
We won’t stop spending money we don’t have and instead of sharing the pain we created with our children we are dumping the whole mess on them. Read a social security thread on this forum (a bastion of conservatism) and read the remarks - they were promised something and they are going to get it no matter what! This is why we will print/borrow our nation into oblivion. The checks will keep coming until they don’t buy a bag of groceries. What then?
We will all be Detroit soon! Most folks do not recognize that much of our nation is doing the same thing as Detroit albeit on a smaller scale. Most folks ignore that our Fed government is doing the same thing as Detroit on an unprecedented scale. A scale that will impact the purchasing power of every dollar and impact the entire world economy in ways we cannot imagine. Detroit was the maximum application of progressive policies. Detroit lost revenue and increased spending. They borrowed to make up for lost revenue until they could borrow no more. They would have printed money to maintain the lie if they were allowed. They ran industry out of their city by making industry unaffordable. Sound familiar?