Tag Archive for Detroit Bankruptcy

Detroit Bailout: Why the “Grand Bargain” is actually a Faustian Bargain.

Not actually Gov. Rick Snyder

 

Like most Conservatives here, I was disappointed, but honestly not surprised in the least, by last weeks vote in the Michigan House on the “Grand Bargain”.

I say this because leading up to the vote, when my sources go dark, or when they do finally return my calls and begin to waffle, that is almost always an indication that things are going bad rather quickly.

I’m not going to mince words here. Aside from absolutely hating that misleading term “Grand Bargain”, I still can’t see why people in Lansing can’t/won’t do their homework on what is really going on here and why they are reticent on calling a bailout what it actually is: a bailout.

You’re probably asking yourselves; what causes people like that to lose their way?

Limited government and fiscal responsibility were once hallmarks of the Republican Party platform a long time ago.

Let’s take a look as to what happened, shall we?

 

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