Let Detroit Burn
Bill Quick

Who killed Detroit? Not who you think – The Globe and Mail

Yet, as Mr. Mead notes, not everyone’s a loser. Although pensioners and school children may be out of luck, Wall Street has profited handsomely. Since 2005, the city has forked over $475-million in fees to the banks to refinance its debt. “We have no lights, no buses, poor streets and now we’re paying millions of dollars a year on our debt,” David Sole, a retired municipal worker, told Bloomberg.

Yeah, it’s the banks’ fault for properly pricing risky loans to a bunch of lefty crooks who spent most of the public money entrusted to them on vote-bribery and massive corruption.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments

Let Detroit Burn — 1 Comment

  1. She does come to the right conclusion.

    In fact, it wasn’t white people or black people who killed Detroit – it was corruption, misrule and Democratic-machine politics. But apart from local media (the Detroit Free Press has been on the case for years), no one cared. Maybe they didn’t want to make a city that is 90-per-cent black look bad.[They didn't] Or maybe they thought the only bad guys in American public life are Republicans and rapacious corporations.[of course]. And that’s a shame, because, as Mr. Mead so eloquently argues, “corrupt big-city machines may be the most important single civil-rights issue in America today.”

    [added by me]