Tuesday, July 23, 2013

Will the United States Follow Detroit?

Detroit, once the fifth-largest city in America, has filed for bankruptcy. Hopefully the federal government will not bail out decades of mismanaging politicians with federal taxpayer dollars. As with other cities whose elitist leaders seek to centrally control all aspects of citizens' lives while lacking the competence to do so, Detroit is bankrupt. The producers have left the once-great city of 1.8M leaving less than 700,000 – many who are parasites depending on the city teats. This did not take place quickly. It took over 60 years! It is similar to the current situation at the federal level. Hiring and promotions have been based on race instead of competence, while pay, tenure and benefits have been extraordinary. Parkinson's Law may also be used to explain the situation – especially the number of “special assistants to the POTUS” (czars).

The Obama administration ignored centuries of contract law in the GM bailout. Union members were moved to the head of the line, and creditors were pushed back. Most in Detroit are also friends and supporters of the Democrat Party. Will the federal courts follow the law? Will the lawyer-in-chief provide additional guidance?

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