The “Consider This!” Podcast, Episode 49: What the Detroit Bankruptcy Has To Say To Us
The latest episode of the “Consider This!” podcast is out. Conservative commentary in 10 minutes or less.
Just one topic this time around. I tackle the Detroit bankruptcy and what is has to say about political policies in other cities, in the US, and, actually, any country around the world.
Detroit, Michigan, formerly the auto-making capital of the US, if not the world, filed for chapter 9 bankruptcy protection on July 18th, becoming the current capital of big cities going under in the US. What brought Detroit under water is not really debatable; declining income and spending beyond its means. What is being debated are the causes of the two.
On the spending side, I think it’s no coincidence that the city has had essentially one party rule for the past 51 years. No surprise that the party in question is the Democratic Party. Rather than cutting spending, Detroit ignored the common sense lesson of living within your means, embrace the Paul Krugman idea that austerity kills, and died anyway, spending like there was no tomorrow. Well, there is a tomorrow, and it’s here.
The sooner the voters of this nation come to terms with this, the better off we will all be. It may not sound, to the untrained ear, to be very caring, or fair, or socially just. But Detroit has a 47% illiteracy rate. 60% of its children are living in poverty. Its crime rate is 5 times the national average. The murder rate is 11 times higher than New York City. Is it caring, or fair, or socially just, to pursue policies that led to that?
Let me know your thoughts on these or other subjects. Click on the link for the show notes and ways to send your feedback, including calling 267-CALL-CT-0 (267-225-5280). Subscribe to the podcast in iTunes, Blubrry, Player.fm or Stitcher.