Sunday, July 21, 2013

Heartland Institute Experts React to Detroit Bankruptcy

By Jim Lakely July 19, 2013
The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon. Gov. Rick Snyder (R) filed the 16-page Chapter 9 petition in U.S. Bankruptcy Court in Detroit.
The following statements from budget and tax experts at The Heartland Institute – a free-market think tank – may be used for attribution.
“Intransigent police, firefighter, and teacher unions delivered the final, death blow to the city of Detroit. But other major cities have been able to deal with such intransigence without having to resort to bankruptcy. What ultimately killed Detroit was its culture of dependence and victimization – the same culture that elected and re-elected our President and which threatens to destroy the entire nation. The city always and invariably blames its shortcomings on everyone but themselves – on inadequate federal and state subsidies and on the “racism” of those who identify, quite correctly, those policies as the cause, rather than the solution for the cities’ downward spiral....To Read More....
 

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