I think I understand Detroit well enough.
What has happened in Detroit is due to fiscal irresponsibility.
The US government is going down that same path.
Georgia, and many other states, have a requirement of a Balanced Budget as part of their constitution.
Georgia, again, may lag behind the rest of the mired in debt USA.
You havent the FIRST clue what happened to Detroit. You believe you do, but you want to only repeat what you hear lately, versus the reality of the state of michigan.
Detroit, "the motor city" used to be a booming town with plenty of jobs for people to start a career with. That all changed in 1980 with the election of Ronald Reagan who set out along with the republicans in congress to KILL the unions and the jobs the unions protected. The term "free market capitalism" is the guilty party, and not fiscal irresponsibility as you claim.
First, GM pulled out of Michigan, then other corporations did the same with the republicans blessings. Onward to Canada, Mexico & China to make parts, engines, transmissions and wiring for cars. It was the free market at work. Leave the USA and exploit slave labor and abandon the american workers, cities and families. These large corporations abandoned cities leaving the government to provide for workers until the money just ran out.
Next, technology took jobs away from the auto workers. As computers and machines replaced the auto worker, the city began its slow death. When americans dont work, taxes arent paid, mortgages arent paid, property taxes are not paid, merchandise isnt sold etc etc etc..
But this is FREE MARKET capitalism at work.
YOU, like the others, support this concept because it sounds great, but then complain when you see the results of it.
OHIO is in the same boat. Lots of things used to be made there, but once again, FREE MARKET capitalism took over and the corporations there left for Mexico and China. TOLEDO Ohio was the Detroit of its time.
Now, China, Singapore, Budapest, Mexico, Canada, Vietnam, Korea and South America are the industry capitals of the world, and this thanks to Ronald Reagans revolution against the american worker.
For you, you see the end results, fiscal dependancy on the government and you want to blame an accountant?
Get a clue bub.
TOS.