Captain Rick: Detroit, motor capitol of the world, has filed for the largest public sector bankruptcy in U.S. history … $18.5 billion. This is prime example of the destruction caused in a major way by labor unions.
Detroit, pictured above with excellence, has filed for bankruptcy, the largest in the public sector in U.S. History
Words from the Michigan Governor Rick Snyder
“The fiscal realities confronting Detroit have been ignored for too long. I’m making this tough decision so the people of Detroit will have the basic services they deserve and so we can start to put Detroit on a solid financial footing that will allow it to grow and prosper in the future. This is a difficult step, but the only viable option to address a problem that has been six decades in the making. I have reached the conclusion that this step is necessary after a thorough review of all the available alternatives, and I authorize this necessary step as a last resort to return this great City to financial and civic health for its residents and taxpayers. This decision comes in the wake of 60 years of decline for the city, a period in which reality was often ignored.”
He also said that 38% of the city’s budget is being spent on “legacy costs,” such as pensions and
debt service. He said police take almost an hour to respond to calls, compared to a national average of 11 minutes, and that 40% of street lights in the city are turned off.
Labor Unions are destroying America
Once serving a great purpose of job safety, labor unions have become an empire of greed for wealth over past decades. Their greed has destroyed millions of American jobs. Auto companies in Detroit were forced to build plants in and source parts from places that were less union friendly in an effort to stay profitable. Unions helped destroy Detroit. This bankruptcy of Detroit, once America’s fourth largest city (now 18th), is the culmination of that destruction.
My purpose with this report is not to expound on the details of this record bankruptcy, for they will be broadcast around the world by the media in coming days. My focus is on the destruction to America, caused in a significant way by labor unions.
Across America, our companies, cities and states are significantly influenced by powerful unions, especially those representing police, fire and civic service. I urge all employees who are members of a union to consider severing your membership in an effort to protect the future wellbeing of your company, so that it does not have to relocate … or your city, so that it does not eventually have to file for bankruptcy, like Detroit. I urge city and state officials to do what is possible to curtail or limit agreements with unions, in an effort to help prevent the need for our cities and states to file for bankruptcy, like Detroit. Many more American cities are following closely in Detroit’s path. America has not yet experienced its first state bankruptcy … but its just a matter of time. There are thousands of fiscal ‘time bombs’ waiting to explode across America, especially those concerning employee pensions.
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