- Aug 2, 2008
- 37,548
- 13,049
Take a better look into the democratic history regarding the leadership of the city of detroit and how the ridiculous public pension program sent them into bankruptcy to have a better understanding
Public Pension Program does not hurt the city at all.... IF the jobs are still there.... And why are the jobs not there anymore...
1. Dismantled entire industries to get away from unions with help of Republican politicians on State and National Levels
2. When they moved them to other cities in the South that did not have unions (along with to other countries), they dismantled those towns they left, and within 2 decades when they moved from non-union states to other countries, they dismantled those towns as well.
Another example, Youngstown Ohio which has a higher poverty rate than Detroit... Had a booming steel industry, and large middle class. When the steel industry left, the city went into massive poverty. Those that could leave did, those that couldn't have a lack of options to enter into well paying jobs, which leads to lower education and generational poverty
That same public pension program was in large part what created a large and thriving middle class, that was allowed the creation generational income, across racial lines.
But once that entire industry is dismantled, and there isn't a new industry to replace it... You LOSE millions and eventually billions of dollars of tax revenue, that would not only pay the pension program, BUT continue to fund emergency services
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