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The Lake News Online
A blog 'for independent minds'
Detroit Broke City
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Opinion page editor Rick Holmes and other writers blog about national politics and issues. Holmes & Co. is a Blog for Independent Minds, a place for a free-flowing discussion of policy, news and opinion. This blog is the online cousin of the Opinion ...
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Political Views
Opinion page editor Rick Holmes and other writers blog about national politics and issues. Holmes & Co. is a Blog for Independent Minds, a place for a free-flowing discussion of policy, news and opinion. This blog is the online cousin of the Opinion section of the MetroWest Daily News in Framingham, Mass. As such, our focus starts there and spreads to include Massachusetts, the nation and the world. Since successful blogs create communities of readers and writers, we hope the \x34& Co.\x34 will also come to include you.
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By Rob Meltzer
July 19, 2013 11:11 a.m.



There are two ugly truths not really being discussed in light of the Detroit bankruptcy filing. The first is that while Detroit is the largest American city to file for bankruptcy, its filing clears the way and makes it likely that 16 major American cities smaller than Detroit may now consider the option as a way out of their fiscal disasters. The second is that bankruptcy really became the primary option for Detroit because oppressive policies of the Obama Regime have made it impossible for municipalities to negotiate with their greediest stakeholders–public sector service unions. Its no coincidence that the Regime’s biggest boondoggle, the GM bailout, has a Michigan connection. While many had theorized that the next great fiscal disaster was going to be a bailout of defaulted student loans, it is now apparent that the fed may want to intervene to bail out 17 failing rust belt and other blue state cities by burdening the rest of us with the fiscal mismanagement of those cities. In listening to the various stakeholders talk about the remedies in the bankruptcy court for Detroit, no one is talking about the most feasible–liquidation. If the fed is going to have a seat at the table with the stakeholders, it needs to be remembered that the federal government is us, and the Regime should not commit our tax dollars to a failing city. Detroit? Drop dead. If the City and its residents and the state of Michigan can’t solve Detroit’s problem, the city should be disincorporated and sold off at auction. Maybe China would want it. Sell it to Snowden and he can establish his own country–transit lounges and all. Or, just break up chunks and sell it to neighboring towns, giant farming concerns, etc etc. There has to be a downside to a municipal bankruptcy. The worst can scenario must not be federal bailout. There must be a nuclear option for the Court–futility leads to a plan of dissolution. And if this option is not considered in Detroit, we’ve all just become pawns in a game of fiscal chess every time a city acts in a manner which is fiscally irresponsible.

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