Friday, July 19, 2013

Detroit is Bankrupt Partly Due to Boondoggles

Detroit. Why is it bankrupt?

Part of the reason is... BOONDOGGLES.

Projects that are not vital (and are often insanely STUPID) -- but certain politicians pushed them to please various supporters. Boondoggles are in the category of waste, fraud, and cooked accounting books.

Special interests twist arms to get tax dollars diverted from union pensions and needed services (police, fire fighters, health care, sewers, garbage collection, etc.) -- to fund their pet projects. Corrupt city councils go along with it. Developers and architects make tons of money, while the citizens suffer.

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