How Taxpayers Will Bail Out Detroit

Detroit is proposing an effort to offload much of its bloated healthcare costs onto the American taxpayer, using ObamaCare

 On Sunday, Treasury Secretary Jack Lew ostensibly ruled out a federal government bailout of Detroit following its recent declaration of bankruptcy.  “You know George, Detroit’s economic problems have been a long time in developing…I think when it comes to the questions between Detroit and its creditors, that’s what Detroit is going to have to work out with the creditors,” he told ABC’s George Stephanopoulos. Not quite. Detroit is proposing an effort to offload much of its bloated healthcare costs onto the American taxpayer, using ObamaCare as the vehicle for doing so.

“The Affordable Care Act does change the possibilities here dramatically,” said Neil Bomberg, a program director at the National League of Cities. “It offers a very high-quality, potentially very affordable way to get people into health care without the burden falling back onto the city and town.” In reality, the proposal would do nothing more than shift the so-called “burden” of fiscal irresponsibility produced by decades of “city and town” politicians colluding with labor unions onto other cities and towns that had nothing to do with that irresponsibility. As for “affordability,” such a statement is equally nonsensical. More affordability for Detroit, and other progressive sinkholes, equals less affordability for those expected to make up the difference.

CONTINUED:  http://canadafreepress.com/index.php/article/56885?utm_source=CFP+Mailout&utm_campaign=88478aeb89-Call_to_Champions&utm_medium=email&utm_term=0_d8f503f036-88478aeb89-291132961