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America's Fiscal Stupidity Mirrors Detroit

tgwWhale Wrote: Mar 02, 2013 10:30 AM
mguy: "Primarily a liberal is a person whose income.profit or entitlement comes from the taxpayers." Not exactly. While it is certainly true that many people whose income comes from gov't are lefties, it is not always true: think of those in the military, for example, where many lean quite far to the right. And the lefties that did in Detroit were at first primarily in the private sector: UAW members who priced themselves (and the Detroit auto industry) out of the market.

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...