«

»

Aug 04 2013

Print this Post

Troubled US Cities Await Outcome of Detroit Bailout

image

Notice Cincinnati waiting in the shadows.

A Detroit bailout could set a dangerous precedent and lead to further irresponsible fiscal decisions throughout the country. Some argue the political and fiscal decisions leading to Detroit’s bankruptcy serve as a “What NOT to do” guide. Cincinnati should learn from this instead of following blindly behind. Big government and irresponsible spending have only one outcome. As PM, Margaret Thatcher once said, “… Eventually you run out of other people’s money.”

Image copyright 2013 Franklin Center / watchdog.org.

About the author

Richard Inman

Permanent link to this article: http://ourtp.org/2013/08/04/troubled-us-cities-await-outcome-of-detroit-bailout/