It’s too bad that those responsible for forty years of graft and corruption aren’t being forced to enjoy the consequences of their decisions. Those consequences fall on others, as they usually do.
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Pragmatism over principle – that’s the slogan of the establishment Republicans.
There are no more options, no more shenanigans, no more bookkeeping adjustments, no more bailouts. This is the end game of liberalism.
Highland Park is just one more example of over-generous pension plans, banks ignoring weak financials, and city council members who are bad at math, pushing Detroit’s city-within-a-city into bankruptcy.
I feel for those citizens: they can’t afford to stay, and they can’t afford to move. All they can do is suffer, hunker down, and pay.
The combination of economic ignorance and union control is forcing Scranton into bankruptcy.
Hypocrisy aboundeth in Oklahoma.
This is a more acerbic look at the president’s announcement of “victory” in the GM bailout. The man’s hubris and audacity are breathtaking.
It was a victory of a kind, but not for the American taxpayer.
In the face of the largest municipal bankruptcy in history, the state of Michigan decided to go ahead and let Detroit build another half-a-billion dollar public works project in order to “stimulate” the economy. Will these people ever learn? Apparently not.