Thread: Detriot
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Old 07-22-2013, 03:05 PM   #34
Jim in CT
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Join Date: Jul 2008
Posts: 20,428
Quote:
Originally Posted by spence View Post
Glad you're enjoying it though.
Posted from my iPhone/Mobile device
We're not enjoying it Spence. We're wondering if there are lessons to be learned, and the answer (unless you are blinded by ideology) is 'yes'. The lesson is that, while a municipality isn't the same thing as a family or a business, there are still limits to how much you can borrow or spend. Detroit isn't the first city to file for bankruptcy, and they sure won't be the last. For the next 15 years, 10,000 Baby Boomers a day turn 65. 10,000 a day. They have been promised, and are expecting, perks that can never be paid for. That problem is largely due to the fact that your side has whored themselves out to labor unions. Try making that wrong.
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