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Neal Barton's POV

Not anymore

Not anymore
Mgn Online
POV

POSTED: Friday, July 19, 2013 - 6:33pm

UPDATED: Tuesday, July 23, 2013 - 1:46pm

Detroit, Michigan.

Need I say more? 

Eighteen billion dollars in he hole.

It all started a half century ago. Times were great. Detroit's population was almost 2 million people. Motor City, baby.

But the unions wanted more. They got more. It was so good, the local government wanted more.

It got more in the way of taxes.

Those producing the most are not rich by being stupid. They left. The city wanted more.

Years later, the middle class got fed up. They left like the rich did.

The city wanted more. They had to take care of those who wanted more.

Then, the bottom fell out of the auto industry. The unions wanted more. They still got more.

About this time in history, anyone who had completed the 5th grade math class could see there was nothing more to give.

But, it's the Detroit way. We need more.

The auto folks said, 'No more." and left.

Even after that, looking at the red ink, no more negotiations about cutting union bennies. Dad got more. I deserve more. More was given.

On Thursday, the rusty bottom of the rust belt gave out.

What do you expect when a city runs a deficit of more than 100 million dollars a year?

You get a debt of 18 billion dollars.

Those union leaders and politicians who stuck them with them with these messes are dead.

Their grandchildren get to live pennies on he dollar of pension money.

Does this remind you of the United States?

We want more. And others should pay for it.

The frightening thing is, somewhere there is an advisor whispering to Barack Obama saying, $18 billion is nothing.

Cut that check.

There's always more.

The United States of Detroit.

Thetas' my point of view, what's yours?

You can email me at POV@ketknbc.com or Facebook me at KETK Neal Barton.
 

Comments News Comments

Don't worry Jeb Hensarling is here to save the day. By repealing the portion of Dodd-Frank that requires companies to reveal the difference between median pay and executive pay. That should save Detroit shouldn't it. CNN reports GM's CEO made 22 times more than median.

http://money.cnn.com/magazines/fortune/fortune500/2012/ceo-pay-ratios/

http://toomuchonline.org/once-again-a-congress-only-ceos-could-love/

http://www.moneynews.com/Robert-Feinberg/House-SEC-bill-Dodd-Frank/2013/...

We need to get back to the "Old School". Thats folks being responsible for themselves and not expecting help from the government. The government in this country was not intended to be a caretaker. It all gets back to the individual. Pull your own weight.

Hey, Obama doesn't need a city, he's rapidly sending the US into bankruptcy! Want to get re-elected? Well, all you have to do is print a lot of money and give the funny money out like a drunken sailor!
Ray Hartenstein aka The Bookman from Bugscuffle

The only difference between Tyler, Texas and Detriot is that the oil and gas based economy here supports high taxes, the manufacturing economy there does not. We have no room to brag when it comes to bureaucratic spending, Smith county government is out of control like all government spending.

Indeed!!!

If Obama owned a city, it would be like Detroit. A bankrupt ghetto that UNIONS sucked the life out of!

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