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America's Fiscal Stupidity Mirrors Detroit

talltexanoilfieldtrash Wrote: Mar 02, 2013 10:42 AM
Map pocket? Are you from the UK? I have always been told that was a 'glove box', here in the USA.

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...