Touchy business, that of a parasite. You want to be able to drop off before the victim is bled dry; if you don't, you're no better off than your victim. This isn't all that difficult. Anyone watching the declining revenues as taxes increased could have anticipated that there would be a point at which the system would break as Zimbabwe's did. And what saved Zimbabwe eventually was a massive infusion of foreign cash, and that is precisely what the Detroit city council was hoping for.
They've been disappointed so far but I would be willing to bet that it isn't over. Why?
The ideology that causes Judge Aquilina to believe that political action—policies, laws, even constitutions—can make reality conform to one’s political vision is the very ideology that already has devastated Detroit.
The reason is that the ideology Stossel identifies here has found a home at the federal level. It has permeated the 0bama administration and the Democrat party in general. They'll find the money, and it will be from somebody they don't like. That's what redistributionists do.
This is bad enough on the level of the United States, a victim which will be the slowest of all to bleed out. If there were a world government, however, or some international body capable of taxing everyone, well, then the parasite would have an even larger victim to exsanguinate. It does explain the progressive passion for world government and the UN, doesn't it?
“They’ll find the money, and it will be from somebody they don’t like. That’s what redistributionists do.”
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0bama and crew are downplaying a bailout. 0bama and crew lie. Therefore, there will be a bailout by some other name. I’m betting with you.
http://finance.yahoo.com/news/feds-showing-little-enthusiasm-detroit-bailout-082050360.html