Detroit is America's Ghost of Christmas Future - a dark
portent of what will happen to the whole country eventually if the
free-spending ways of American government at every level don't change
dramatically and soon. One would have thought that this would have become
evident enough when Detroit filed for bankruptcy in July. The city staggers
under $18.5 billion of debt. Just keeping the street lights on is a struggle.
And yet denial
remains the inexhaustible resource of the American professional political
class. In court hearings to determine the legality of the Detroit bankruptcy
filing, opponents have resorted to arguing that the city had no reason to go
bankrupt. The whole thing was nothing more than a scheme from the start to rob
city employees, said United Auto Workers lawyer Babette Ceccotti: “We think
that by connecting all the dots here, the plan [all along] was to use Chapter
9.”....To Read More.....
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