Sunday, June 13, 2010
It’s Time To Let Large Cities Fail—Bailouts Must End Now!
Washington, DC—Barack Obama is at it again, enslaving taxpayers this time for yet another $50 billion to bailout cities that refused to exercise minimal fiscal discipline.
Now these Democratic Party controlled cities say they have to lay off teachers, fire and police. Of course the unbridled corruption and waste matters not as the same city officials will get another blood money bailout.
The Leftists running these metropolitan cesspools have done silly things like declare themselves as Sanctuary Cities for illegal aliens. They’ve forcing taxpayers to provide services for the trespassers.
Chicago for example misspent many tens of millions trying to win the Olympic Games. They were merely looking for more contract extortion opportunities for their own officials.
Is there no limit to bailout foolishness? These rogue cities need to be forced to tighten their belts. They need to be weaned from reckless spending. Giving money to the same horrible local politicians that created this mess is the same as rewarding John Dillinger for robbing banks.
Cities must be allowed to fail. The residents of these cities would then vote out the crooks that created the problem in the first place.
Congress needs to get the message whether it be accomplished with ballots or bullets, NO MORE BAILOUTS!