Monday, September 22, 2014

How Detroit Went South

Judge Steven Rhodes soon will issue a ruling on Detroit’s bankruptcy plan. However he rules, it is a safe bet that history’s verdict will be much harsher: Detroit’s leaders are guilty of murder in the first degree of a once-great American city.— Kevin D. Williamson (source infra)

".... So we have: a city council too short-sighted and beef-witted to understand what it was doing, a mayor who was an outright criminal, union bosses who never asked where the money was going to come from and union members who simply cashed the checks and never held their leaders to account, banks and financial firms that were happy to bet that they’d be comfortably seated when the music stopped, and lawyers and a court system happy to ignore the fact that the bankruptcy deals being worked out in Detroit are exactly as corrupt and destructive as the policies that put the city into bankruptcy in the first place. And a pox on the people of Detroit, too: They keep voting for this, over and over..."  (source: National Review)

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