America itself runs a massive trade deficit with China.
440 billion imports to America from China.
122 billion exports to China from America.
(last year)
This is not limited to cities. America itself needs to bring back jobs.
Jobs.
Chicago will get a bailout.
They have too much pull, and know where all of the bodies are buried.
The generous people of Michigan, through their state legislators, are getting ready to give the retired city employees of Detroit $194,000,000 to thank them for voting Democrat.
Bankruptcy is only a word if you can get everyone else to pay for your wasteful, foolish spending.
Sue the Democrat Party. They caused this and they have lots of money.
Can’t we just pay Canada to take it?
Absolutely. Detroit isn’t special.
Let ‘em all go.
That’s RIGHT!I was against George bush’s”Bail-Outs”,and I’m STILL Against”Bail-Outs”!Let them file for Chapter 7(or 11)and get their ACT TOGETHER!!!!!!!!!!!!!!!!!!!!!!!!!!!
The big difference with Detroit is that it almost 90% black. It would be racist not to bail them out.
Add Sacramento to the list. Sacramento’s corrupt city council and its corrupt mayor Kevin Johnson just voted to give $350 million to a bunch of billionires so those bilionaires can make millions off of a new sports arena. The losing Sacramento Kings will move to an arena that will be built in downtown Sacramento.
That means when 18,000 fans flush a toilet all of their sewage will go into a downtown sewage system that’s built of brick and is all over a century old. A corrupt Democrat in the State Senate, Darrell Steinberg, passed a law that exempts the arena from environmental laws that would otherwise require the city of Sacramento to spend $1.5 billion to maybe as much as $2 billion to improve sewage, surface streets, and nearby freeway access.
And the lawsuits have already been filed to make the city comply with existing environmental laws.
If the city is forced to comply with those laws after the arena construction starts then look for Sacrameto to file bankruptcy, too.
Bail outs keeps socialism alive and well it’s why the democrats love it.