The most worrying aspect of Detroit’s decline is the parable for - TopicsExpress

The most worrying aspect of Detroit’s decline is the parable for the entire USA. America is increasingly nicknamed “Kickcanistan” in financial circles as the government repeatedly kicks the can of budgetary rectitude down the road. This abject irresponsibility makes the excesses of recent banker history look mild by comparison. In 1980 the US government debt surpassed a trillion dollars and now sits at almost 17 trillion. Moreover, just as the Democrats oversaw the decline and fall of Detroit, Barack Obama accumulated more debt in his first term than the previous 42 American Presidents combined!

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