It was a nice summer day. Kids were enjoying their summer break, diving for murder weapons in the Detroit River, when news of the city filing for bankruptcy broke. "I am shocked" - said no one. Even Motown's Stevie Wonder saw it coming.
As we do an autopsy on Detroit, once the symbol of American industrial might, we learn several undeniable facts. The city's bankruptcy is the direct result of decades of insidious liberal rule, heavy-handed union thuggery and a dependency culture. Sound familiar?
An endless succession of corrupt mayors propagated the untenable notion of equal outcomes through a flawed notion of economic and social justice. Mayor Kwame Kilpatrick was convicted of large-scale corruption. As punishment, he should have been sentenced to serve another term as Mayor. more >>
Singer, songwriter, and worship leader Matt Brock sings about relying on God through the death of loved ones, unemployment, and other hard times in his album "From the Land of Shadows."
"Through this vale of tears God is there, as much as we either deny it or don't believe it or try to fight it, he is there, and he's real, and he's big," Brock said in a Tuesday interview with The Christian Post. He said the album captures the troubles he and his wife have weathered through the last year and a half.
"I've been 'unemployed' for the past year and a half," the artist explained, listing his side jobs while pursuing his music career. He served as a worship leader at First Baptist Hendersonville, but now he works a valet job in downtown Nashville, dabbles in freelance photography and plays at high school retreats. He is also trying to get an engineering job with his 2010 degree from the University of Tennessee. more >>
Fifty years of Democrats running the city of Detroit led to it filing for bankruptcy last week. Unsustainable demands from its 48 unions gradually drove out private industry, as government became the largest employer. Its shrinking tax base can no longer support the massive pension debt obligations and still provide a minimum level of city services. Nearly half of the city's debt is to underfunded pension plans and retirees.
Mitt Romney presciently warned in 2008 that if the government bailed out the automakers, it would ultimately destroy Detroit. "Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check." Obama and the Democrats in Congress didn't listen and chose to bail out GM and Chrysler.
Detroit reached its zenith in the 1950s. It was the fourth-largest U.S. city and had one of the country's highest per capita incomes. A manufacturing capital, the city provided 75 percent of the production for World War II. GM CEO Dan Akerson laments," If you go back to the early '60s, Detroit was the Silicon Valley of America. If you were an engineer, you wanted to be in Detroit." more >>
Why, when there is no question that nothing has created more wealth and eradicated more poverty than capitalism, do left wing politicians hate it so much?
After all, it's supposed to be the left that cares about the poor.
The latest chapter in this ongoing saga of economic perversity is action being taken in Washington, DC to prevent Walmart from opening stores there. more >>
The city of Detroit filed for bankruptcy on Thursday with estimated debts of $18.5 billion, making it the largest municipal bankruptcy in U.S. history.
"We have a great city, but a city going down hill for the last 60 years," Michigan Gov. Rick Snyder said at a press conference. He added that as much as 38 percent of Detroit's budget has been going into "legacy costs," such as pensions and debt service, police take almost an hour to respond to calls, and 40 percent of street lights are turned off.
Welcome to the post-sequester apocalypse. As much as President Obama will have us believe otherwise, the greatest financial catastrophe in the coming days will not be of Washington's making at all.
If you're looking to see what a policy of liberalism can do to a city, look no further then Rock City. Despite one of the most aggressive ECD campaigns featuring celebrities Eminem, Jeff Daniels and Tim Allen, not even Hollywood can save Detroit from going broke and despite being taken over by the State of Michigan saving the City still had to declare bankruptcy.
President Obama on October 13, 2012 stated that he "refused to let Detroit go bankrupt." Well, Mr. Obama maybe you should have tried to write a very big personal check to save Detroit as once again your words have been proven false. more >>