Greece and Detroit

Have you ever notice the similarities between Greece and Detroit? Of course not why would you ever care about Detroit other than a place to catch a connection on a Delta flight. Here are 4 quick points to ponder

1. Government is the largest employer
2. Wrought with corruption both from the citizens and the government (surprise shady people make shady politicians)
3. Significant union presence leading to collusion between unions and the politicians the unions elect. (cronyism and nepotism)

Outcome

Economically, the high taxes and anti-business attitude has lead to similar outcomes in both locations, high unemployment, debt and a budget in shambles. Detroit also shows the flaws in the plan to raise taxes to raise revenue, if you tax people, they leave, both corporations and individuals (people go to where there are jobs) and if you doubt it come and visit Detroit. Detroit has practiced Obama's idea of increasing revenue to fix a spending problem for decades, it has made Detroit less and less competitive until all you are left with a shell of a city, where the only way forward only is slash and burn spending cuts. Higher taxes don't make for better schools again look at Detroit it has the highest property taxes in the state of Michigan and the worst schools. If you want to see outcome of a tax and spend experiment, the future, come to Detroit the land of guns, fires and casinos.

Daniel Plainview