Agreed.
And we are not 'all in this together'.
Unfortunately, we are. I don't like it, and I'm sure you don't like it either. But we are all in this together.
Because it's your tax dollars and my tax dollars that will continue to support the welfare crowd in Detroit.
And it's your tax dollars and my tax dollars that will bail Detroit out.
And there will be a bail out. It might be a stealth bailout, like the Fed's guaranteeing new Detroit bonds, or something like that. But there will be a bail-out. And unless conservative principles are applied, the bail-out will fail.
If conservative principles are applied then there won't be a bail-out.
Detroit has assets it could sell - such as $2 billion (!) in art treasures - but nothing like enough. It must dissolve its pathological obligations in bankruptcy. Nothing else can restore Detroit.
The best way for the bail out to fail is for it to not happen. Given the current political climate, it’s unlikely it will. Detroit might be a symbolic, local failure, but there are dozens just like it ready to metastasize if Uncle Sam gets involved. Even a lot of liberals understand that this is an existential threat.
Bailing out Detroit as a one off might be politically feasible. Bailing out Detroit as the harbinger of a wave of nationwide city (and state) bankruptcies? It would collapse the U.S. economy as fast as the USSR imploded.
And Barack ‘Present’ Obama isn’t the guy who’s going to lead either charge. He’s going to do nothing, which, by default, is a choice to let Detroit go under. But doing nothing is more defensible than being the guy who was last seen starting an avalanche.
The only thing conservatives can do is hold the line, and let reality take it’s grim toll on Detroit. Only pain can teach a fool. Further compassion is merely denying the fool his education.