It’s time to start talking about Detroit and about the other catastrophes to come if this nation doesn’t address our $17 trillion debt, our stratospheric unfunded liabilities, and bureaucracies that only seem to grow in scale and scope. And if local leaders don’t honestly address their own unfunded pension liabilities, which at last count came to a whopping $574 billion for all U.S. cities and counties.
It’s time to start talking about how all this debt and all this government create static lives. Our economy is stalled. So are the lives of the majority of Americans. And the lives of young people — and recent college graduates especially — aren’t starting.
These tragedies are the consequence of government, not business. Our nation is stuck not because government is doing too little, but because it is doing too much.
Maybe we should lead with this impassioned plea to our leaders on Capitol Hill: “Washington, D.C.: Please, don’t Detroit America.”
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