How fortunate we are that birth, intent, or luck enable us to live and work in Southeast Georgia and South Carolina. Despite the nation's economic meltdown, our communities, here, are well-led, with public services retained, revenues exceeding expenses, and manageable debt. Not so for now-bankrupt, Detroit, a debt-riddled city, whose financial game-clock just ran out, leaving creditors, owed billions, staring at a politically-drained till.
Once the fourth largest city in America, progressively-atrophied over the decades, a hollow-shell now replaces a once-prominent Detroit. Unoccupied structures, city parks closed, street lights out, emergency response times long. All that, plus very-high unemployment, and the nation's worst violent crime rate, caused Forbes magazine to name Detroit "America's Most Miserable City." Led by progressives for the past 50-years, a politics-and-pensions love-fest prevailed, as budget-roulette, escalating-taxation, and favored wealth-redistribution, drove-out both white and black middle-class workers, draining the tax-base. The obvious dream of Detroit's desperate-leaders, now, is a bail-out, covering-up decades of fiscal sin. That's fine, as long as it's Michigan doing the bailing. But the more likely progressive-beg will be to the Feds. That response must not be allowed to happen. Beyond unfair, it sets a dangerous precedent when, inevitably, other municipal-failure-dominoes continue to fall. In the days ahead, watch D.C. closely for any tangible sign of a fiscal rescue-squad. The budget-depleting-wail of "too-big-to-fail" must not be catered-to, when the cause is irresponsibility.