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Name: |
MAJ USA RET
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Subject: |
CRACKS GROWING IN THE COMMON BOWL
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Date:
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8/6/2013 8:20:52 AM
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“Across the nation, cities and states are watching Detroit's
largest-ever municipal bankruptcy filing with great trepidation. Years of
underfunded retirement promises to public sector workers, which helped lay
Detroit low, could plunge them into a similar and terrifying financial hole.”
[CNBC, 05AUG13]
This is EXACTLY the path that caused Greece’s economic crisis (and
rioting).
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Name: |
MAJ USA RET
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Subject: |
CRACKS GROWING IN THE COMMON BOWL
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Date:
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8/6/2013 8:46:34 AM
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“And if you think help is on the way, I've
got a bridge to sell you ... in Detroit. The biggest American city to ever go
bankrupt, Detroit, has been run by Democrats since 1962. That's over half a
century of 100% Democrat rule, using the exact same policies as Obama. “The city is now in ruins. Detroit leads
the nation in illiteracy, welfare, food stamps, violent crime, murder,
abandoned properties, and broken street lights. “The city of Detroit’s downfall is built
around four core ideas: never-ending entitlement spending, the most government
employees per capita of any city in America, monstrous debt, and the highest
property taxes in America.” [W. A. Root,
FoxNews, 05AUG2013]
http://www.foxnews.com/opinion/2013/08/05/why-can-kiss-us-economy-goodbye/?intcmp=HPBucket
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