Growing number of Bankrupt cities offer lessons to Detroit: America be warned

 Bankrupt cities offer lessons to Detroit:  Since 2010, 36 cities, counties and special districts — such as utility authorities — filed for bankruptcy, including Detroit, five other cities and two counties. The pace of municipal bankruptcies has increased in recent years. Between 1970 and 2009, there were 54 municipal bankruptcies, including just four cities and counties.

But National League of Cities executive director Clarence Anthony says cities “nationally are better off financially than they were just several years ago. Detroit should not be seen as emblematic of cities or as a harbinger of what’s to come.”

Think about this: What is the world without America? What would happen to the entire world if we were to file for Bankruptcy? China for one would be in anarchy and go under as the country she is today and wants to be tomorrow. I find this all very disturbing because it is laid on Obama's shoulders and being credited with this mess. Unfunded liabilities, ballooning deficit, ballooning debt, it is all Chinese to most of us. One thing I do know is President Clinton ran a surplus inherited by G W Bush. He was even looking at retiring the Debt. Bush changed all that forever!

Bush Cheney Greenspan Rove Gonzales, all the enablers, do not get enough credit for what they did in allowing the moral and financial bankrupting of America. I won't bother you with another link but Michael Whitney did a great piece detailing how Greenspan set it up. Those so called men are heralded as heroes by some. You have to realize they are all benefactors. 
I always said Bush or those behind him learned their lessons well and anything they touched would be much worse than a like event in History. During the Depression when Roosevelt was trying to rebuild America we knew it happened on the Republican's watch and who to blame. They also knew and wanted to help fix it not make it worse as Republicans are doing today.

Anyway think back and you will see that everything was done on purpose and especially the timing was no coincidence. Bush and Greenspan kept the collapse off until he was out of office. People say get over it! Move on! However we will never get over it or be able to forget Bush as much as we want as his damage will affect our and the worlds lives forever. No I am not giving that bunch too much credit.

They shaped our future and the future of the whole world like it or not!et over it, not hardly! The debt clock had to be started during Reagan's time because of his success but could only register 9 trillion. Because of Bush's so called success it had to be altered to register 10 trillion. Now the debt is moving so fast it is going virile. 3.8 trillion is our new record budget for next year. How far off can bankruptcy be especially knowing how bad it really is?
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James m Joiner
Gardner, Ma

http://anaverageamericanpatriot.blogspot.com