Detroit going broke, Taxpayers lose Billions on GM and Obama wants to do this to the rest of the country
As a reminder – He saved GM
And he saved Detroit –
State laying groundwork for managed bankruptcy for Detroit
And now, he wants to save the proletariat by imposing taxes on the rich instead of controlling spending. These negotiations are a joke. The starting point is off a BS baseline budget number that goes up forever. Spending isn’t cut. Spending increases are reduced, maybe. Those keep coming of the table too. No spending cuts are ever real.
The obamacare taxes, AMT, pending tax increases, inflation and $16T+ in debt are real.