Detroit is in Serious Debt
And to be frank, it’s their own damn fault. A few years back, Detroit, as well as many other cities, made investment deals with some of Wall Street’s largest banks. The goal was to make a quick and easy buck since everyone in the private sector seemed to be doing the same. The problem is the public sector should NOT be allowed to invest in the private sector - it’s a major conflict of interest!
Let’s say that a town needs $15,000,000 to build a new facility that will attract businesses and visitors yielding an annual profit of $1,000,000 per year. Now the town only has $10,000,000 and they need to start building soon or they risk losing out to a neighboring town that is looking to draw in the same business and revenue.
Now what if that town chose to invest $10,000,000 with UBS in a risky investment plan that could either yield huge profits or may break the bank. Would you want your town to put this measure to a vote? Or would you trust your elected and nominated representatives to make the right decision for your town?
The reality is that most people won’t care if the investment is successful, and if the town loses all the money, that’s when people start caring.
This is the problem with American Politics. It’s not just the corruptible politicians and 24-hour news networks - it’s the lazy, unconcerned, self-serving citizen that only cares when things don’t go their way.
We demand accountability from our representatives, but who do we hold accountable for electing such terrible representatives?
If it’s printed on cotton it must be true!!
It works because I’m the size of a family!!
This is how we do work
In discussing Scott Roeder...
Preetalina: he should be prosecuted for terrorism! thats what it is! plain and simple
Theprofessorisback: absolutely! it’s exactly what it is. He killed someone with the intent to spread fear to many
Preetalina: EXACTLY
I love my puppy!
Best Doctors
The best doctors in the world are in the USA.
The best doctors in the world are not in any insurance networks; they’re all out of network and patients are subject to cover the staggering costs of out of network doctors.
Hm…..
If the Head of the FDA were a Vegetarian...
FDA: Effective immediately, the FDA is placing a nationwide ban on all meats. All stores have been advised to remove their stock of meats and return them. The FDA has uncovered startling evidence that eating meat is not good for the body, or the soul. The FDA is also working in conjunction with the DEA to cease all hunting activities as the consumption of meat is furthermore illegal.
Fox “News”: How dare these anti-American, Socialist, Vegans take away our basic right to choose the way we eat?! Who do they think they are? They don’t eat meat themselves! What qualifies them to speak on behalf of us meat-eaters?! This country is going down a very dangerous path where people, who have no place making laws, are spreading their personal agenda across our great nation in an attempt to stifle the rights of our great citizens. How dare they?!
The truth!!!!!!
Two random white kids on a Weekday, passed out at 7pm from excessive fun. Hope they got home to CT okay.
