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In Four More Years We'll Be Detroit

Roy323 Wrote: Nov 17, 2012 3:00 PM
olewis-It never fails to amaze me that many knowledgeable people have forgotten (purposely?) the remarks of Lyndon Baines Johnson many years ago about securing the vote of certain citizens "for a hundred years"--Well, he and his compatriots did precisely that. PLUS those same policies were enlarged so as to incorporate many more than originally envisioned! We, Americans, are BANKRUPT! No "if and buts about it" the paperwork just has yet to be "filed". It's just very difficult to accept that the same Country that walked on the Moon cannot manipulate a BALANCE SHEET!

From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.     

One prominent Detroit attorney, however, is facing the future of the Motor...

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