Today, Detroit; Tomorrow, the USA

The politicians ran up the debt in Detroit, but business didn’t want to pay taxes, so when the can couldn’t be kicked further down the road the Republican-appointed Czar for the City wants to use the City’s pension funds to pay off the debt. Detroit may well be the 1%’s model for handling the debt that the U.S. Government has accumulated.

Lesson for workers, never accept promises about deferred compensation, demand pay now, or no work. If you do the responsible thing, you’ll be screwed out of your savings in the future. This is a Class War and the 1% know what they are fighting and are prepared to do anything to win. The 99% still think the 1% are just a few folks who got lucky. Which is why the 99% is losing.

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One response to “Today, Detroit; Tomorrow, the USA

  1. Better yet. Lift all workers out of the wage system. It’s cancerous. What’s needed is a radical systemic overhaul toward a Just Third Way. Check out the Capital Homestead Act advocated by the Coalition for Capital Homesteading at http://www.capitalhomestead.org. It offers a cure to the greed of monopoly capitalism and the envy of socialism, neither of which produces an economically classless society of empowered citizen owners of the means of production. Own or Be Owned, Norm Kurland, Center for Economic and Social Justice, http://www.cesj.org

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