Friday, September 05, 2014

Statist Robert Reich Calls on Detriot's Suburbs to Bailout Detroit



Robert Reich says Detroit's suburbs have an "obligation" to help bankrupt Detroit:
Buried within the bankruptcy of Detroit is a fundamental political and moral question: Who are "we," and what are our obligations to one another?

Are Detroit, its public employees, poor residents, and bondholders the only ones who should sacrifice when "Detroit" can't pay its bills? Or does the relevant sphere of responsibility include Detroit's affluent suburbs -- to which many of the city's wealthier resident fled as the city declined, along with the banks that serve them?
No word yet on whether overpaid and greedy Robert Reich will help Cal-Berkeley students with some tuition aid. He can afford to win a little less off California and federal taxpayers.