Detroit School Rescue

[stevenash]

Michigan legislature has passed a 617 million rescue package in order to keep the Detroit School System ( that is 500 million in debt) going.  The City of Detroit filed bankruptcy in 2013 because it was approximately 20 billion in debt.  When it exited bankruptcy, it was expected that the creditors and/or insurers were going to lose around $7 billion.  Detroit has been run( should be run down) by the left for a very long time.  I pray that some of you will wake up some day and understand that there is a cost to all of this "compassion", "caring", "tolerance" yada yada yada.  It was unsustainable in Detroit and it is unsustainable in the U.S.   Please try to understand that what might appear to be a "helping hand" in the short term is, very much, a destructive hand in the long term.  Venezuela and Greece residents ought to be able to confirm that theory.

[Englebert]

The United States is about $20 trillion in debt. We pay $262 billion a year in interest payments alone. Spelled out, the United States is about $20,000,000,000,000.00 in debt. We pay 262,000,000,000.00 a year in interest payments alone. I wanted to spell it out so some can get a visual image of all the zeroes.

And the Democrats want to spend more. You rarely, if ever, hear a Democrat talk about the debt since Obama took office. When Bush was in office it was a kind of a big deal. Now, not so much. And all you hear from Hillary and Bernie is how they are going to spend more money. Insanity in it's purest definition. It is mind boggling how even the staunchest Democrat can't see this death spiral. Hell, many Republicans don't give a crap either. This right here is the reason we should have a revolution or secession. When liberal policies fail right before your eyes, and you still can't see it, it's time to go.

[stevenash]

But they have convinced themselves that all of these issues can be resolved if the rich would "just pay their fair share"  confiscating the entire holdings of "the rich" will not get the problem solved.  As for the interest on the debt, just imagine what it will be when interest rates normalize.

 

[LumRaiderFan]

All these problems mean nothing to the zero liability voter...doesn't even know what you're talking about.

[stevenash]

3 minutes ago, LumRaiderFan said:

All these problems mean nothing to the zero liability voter...doesn't even know what you're talking about.

You're right.  I am just another gun toting, bible clinging, rich Caucasian who cant understand the plight of the common man.  but Hillary, at $350,000 per speech and wearing her $12,000 Armani jacket can identify with the common guy so much better and "cares" so much more.

[77]

And the union bosses (thugs) that are over the Detroit school system just keep lining their pockets and laundering that union dues money  right into the democratic politicians pockets and thats a fact!