The worst part of Rick Snyder’s MASSIVE expansion of the MEDC, and the plans in the works for the rewarding of Michigan business to resettle in Detroit, is that the money comes from elsewhere.
Central planning under ANY pretty name is STILL central planning.
This video by AEI is entertaining, and the messaging is spot on. Any 8 year old could understand, but will our legislators?
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Apparently, there is a caveat to recent ‘good news’ for the DIA.
Reposted from The Mackinac Center for Public Policy in time for Rick Snyder’s State of the state address tonight:
Don’t Bail Out Detroit with State Tax Dollars
By Michael Lafaive
The recent announcement that philanthropic foundations may donate $330 million to help the Detroit Institute of Arts, which would also help city pensioners avoid the consequences of Detroit government mismanagement, sounds like great news.
Unfortunately, there may be a hook: A requirement that the state treasury contribute, which would convert voluntary private generosity into a coerced taxpayer bailout.
A state bailout of Detroit is a terrible idea. It creates moral hazard and adds to the overly generous financial support the city has for years received from state taxpayers.
And it’s unfair.
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“You’ve heard of the bridge to nowhere? Welcome to the jail for no one.”
Told ya. You’re getting warmer, Ross. However, that jail for no one will be gobbled up by Dan Gilbert for pennies on the dollar.
And, you’ve got a whole gaggle of MI-GOP bootlickers who watched Rakolta line his pockets, main one being, the State AG. Next question would reasonably be, what did the wife of former State AG (Commissioner Laura Cox) know, and when did she know it?
You Betcha! (4)Nuh Uh.(0)