Friday, July 19, 2013

Detroit Down

Detroit is no longer circling the drain, but is going down. Detroit has become the largest city to declare bankruptcy...after Obama (who had promised to not abandon Detroit) turned down a request for Federal assistance.  As Glenn Reynolds like to point out, every Obama promise comes with an expiration date. Things are unlikely to change because Detroit, like most cities, is inherently opposed to small business and competition--they are, after all, statists of the most virulent kind.

(H/t Instapundit)

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