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America's Fiscal Stupidity Mirrors Detroit

rreid Wrote: Mar 02, 2013 7:48 AM
Once Obama was voted into office they didn't think they needed to pay taxes anymore! The promise was that rich people would foot all the bills. What next? The city could take title to all that property in lieu of taxes and charge the tenents rent. Its the communists way. The citizens are beholden to the state!
volinva Wrote: Mar 02, 2013 8:32 AM
That's right, he could just get it from his stash, like that lady said several years ago.
pow1000 Wrote: Mar 02, 2013 11:19 AM
....and a new kitchen, for that other lady.

It’s fitting that on the day Washington, DC is cutting the budget by an agreement that they really didn’t mean, that the city of Detroit will finally get what’s it has needed for a long time: declaration of fiscal disaster.

Michigan’s Rick Snyder has appointed an emergency city manager to do for Detroit what Obama, Biden, the UAW, GM, Chrysler, the city’s council and mayor have not been able to even with a $80 billion bailout of the automotive industry.

“Snyder’s decision comes after a state review team report concluded last week that Detroit is in a financial...