Detroit’s $20 billion dollar debt doesn’t look so bad after all.
Some states are in seriously bad shape and we should loudly resist a federal bailout. Its why I supported a Michigan bailout of Detroit rather than federal. It sucks for us but with the state in GOP hands its not just a blank check to the city and some good is being done.
I think the only states that will get bailouts (assuming ongoing Dem control of the WH) are Cal, Ill, and NY.
Those are 107 electoral votes that are the locked in for Dems without having to spend a penny of campaign money.