Mackinac Center fiscal policy director, Michael LaFaive, says state taxpayers should not have to bail out Detroit. What say you? A state bailout of Detroit is a terrible idea. It creates moral hazard and adds to the overly generous financial support the city has for years received from state taxpayers. And its unfair. People in Ishpeming, Bad Axe and Traverse City who already are paying to support their own local governments shouldnt also have to support Detroits bad policy choices, mismanagement and corruption. They didnt elect the politicians who underfunded pensions, imposed crushing tax burdens and strangled entrepreneurs in Byzantine regulations, while providing awful public services to boot. Residents of Grand Rapids, Kalamazoo and Escanaba didnt twice elect a mayor (Kwame Kilpatrick) who now is doing a decades-long prison stretch after being convicted on 24 felony counts, including racketeering. They didnt vote for a city council president (Monica Conyers) who went to prison after pleading guilty to conspiring to commit bribery. They didnt choose to enable a system in which last August seven city inspectors were indicted for accepting bribes. Michigans Attorney General reportedly characterized the inspectors as perpetuating a culture of corruption that jeopardized the health and safety of Detroit residents. michigancapitolconfidential/19559
Posted on: Thu, 16 Jan 2014 22:59:00 +0000
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