POSTED: Friday, July 19, 2013 - 5:33pm
UPDATED: Tuesday, July 23, 2013 - 12:46pm
Tyler, Texas (KETK) — 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.