OK, if you plan on being alive in 5, 10 or 25 years, OR if you have a child, you need to take 20 minutes to read this masterful freep article researching the downfall of Detroit, and how unchecked borrowing to finance unfunded liabilities leads a government entity to destruction. There are no opinions, just research and facts, and blame is laid at the feet of everyone who partook in the mismanagement. freep/article/20130915/NEWS01/130801004/Detroit-Bankruptcy-history-1950-debt-pension-revenue
Posted on: Tue, 24 Sep 2013 00:28:32 +0000
Recently Viewed Topics
© 2015