Classifieds | Place a class ad | PDF Edition | Calendar | Discussions | Moderated Chat | Home Delivery| How to cancel
Detroit shouldn't look to the federal government to bail it out of bankruptcy.
The federal government isn't in any position to do it; it has its own financial challenges, and none too small are they.
Plus, bailing Detroit out would set a precedent for other cities on the brink of bankruptcy, and more than one of those are approaching the financial cliff or slippery slope.
Detroit might be looking at Obamacare to take on its retirees' healthcare costs. It has $5.7 billion outstanding in those costs.
Detroit would take the retirees too young to qualify for Medicare and send them into Obamacare, getting them off city coverage.
In other words, the city would transfer the financial burden to the feds.
So, despite Obama administration comments that it wouldn't bail out Detroit, it would bail out Detroit to the extent it could through Obamacare.
Of course, other cities experiencing a financial as well as businesses providing health care, will be looking for ways to ease their financial crisis challenges, too.
Obamacare, which isn't implementing as smoothly as the administration planned and continues to be a target of congressional Republicans, might not be the feather in the cap Obama and his administration envisioned.
It's great to be able to give and help out, but someone always has to pay the bill. Even if the bill doesn't get paid, as is often the case in bankruptcies, the creditor pays the bill. The bill has to be paid.
Those responsibile should pay it. In this case, it's Detroit, not the feds.