Is bankruptcy:
Mayor Dave Bing and the City Council must reduce the size of government and slash the city’s budget deficit to stave off bankruptcy or state receivership, according to a report released Monday.
Without draconian cuts and changes aimed at downsizing government, the city could end up with a “possible” general fund deficit between $446 million and $466 million to its $1.6 billion budget.
“Detroit city government must be restructured,” according to the report from the Citizens Research Council of Michigan, a nonprofit that has studied Detroit finances for decades. “The new structure must reflect both the reduced tax base and the limited ability of state government to provide shared revenues.”
This is the liberal heaven, boys and girls. There hasn’t been a Republican government in, I believe, more than 50 years in Detroit. The liberals had it all their own way. They took over one of the most prosperous cities in human history with a massive economic base – now, decades later, its a waste land on the verge of bankruptcy.
It is double-caught in a bind here because one of the hallmarks of liberalism is generous union contracts – and the unions don’t want to disgorge. The city is broke and there’s no one left to tax – but the public sector unions (there aren’t too many private sector union workers remaining in the city – you’d need a private sector to have that) are demanding to keep what they’ve got. Greedy and selfish – and these are supposed to be the “servants” of the public.
That is liberalism in a nutshell. It is where Obama and his Democrats are leading us – give liberalism 50 years of unchallenged rule in the United States and we, too, will be a bankrupt nation – and not just economically bankrupt: morally destroyed, as well.
We can stop this – we can prevent us from becoming the United States of Detroit. But time is running out and this November is crucial – keep that in mind.
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