Gov. Rick Snyder: Government bailout is the wrong answer for Detroit

[Eugene]

Source: CBS News

July 21, 2013 12:18 PM

Gov. Rick Snyder: Government bailout is the wrong answer for Detroit

By Stephanie Condon

Gov. Rick Snyder, R-Mich., said Sunday on "Face the Nation" that granting Detroit a government bailout would be the wrong way to help the bankrupt city.

"I do not view that as the right answer," Snyder told "Face the Nation" host Bob Schieffer when asked whether he would ask the federal government for a bailout. "The right answer is, bankruptcy is there to deal with the debt question."

Snyder said the state cannot bail out Detroit, and while the federal government will make its own decision on a bailout, he said, "I don't expect one."

"It's not just about putting more money in a situation," the governor said. "It's about better services to citizens again. It's about accountable government."

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Read more: http://www.cbsnews.com/8301-3460_162-57594750/gov-rick-snyder-government-bailout-is-the-wrong-answer-for-detroit/

[reformist2]

1. We need people like Snyder to know that we'll bail out the pensions of anybody they try to bankrupt!

We need to be pre-emptive, in their face about this. Let them know that their plan to keep lowering taxes and impoverishing workers isn't going to fly anymore.

[iemitsu]

2. An accountable government does not balance its budget by

stealing individual pensions from hardworking Americans.

[Andy823]

3. Well...

It does if that government in question is ran by republicans! Their main goal is to privatize everything, stop paying the pensions, and then give huge tax breaks to corporations and the rich. Why people keep voting these morons into office is beyond me!

[etherealtruth]

5. Snyder and Michigan's (current) right wing nut job legislature

have exactly that as their goal.

I don't think they have even tried to veil their intentions!

[iemitsu]

6. I recognize that our government does, in fact, steal from workers,

both actively employed and retired, to finance tax breaks for the uber-wealthy but I would not call that government responsible.
I fear its not just republicans, who are willing to support such evil policies.
Both American political parties are wed to the idea that its just fine to get rich by exploiting (using up) both natural and human resources.
Capitalism is based on inequality, it is anti-democratic, it lacks morality or ethics and, for many Americans, is accepted on faith.
People, we, keep voting these morans into office because we are given no other choices and because we have swallowed the kool-aid of capitalism.

[Rex]

4. Yeah then you will have to pay those promised pension.

No you just want it to die on the vine, so that a few robber barons can come in and buy whatever they want for pennys on the dollar. You WANT Detriot to fail, sick fucker.

There are very few things worse than a Repuke governor!

[Octafish]

7. Snyder got rich laying off Gateway workers.

He still takes orders from the owner class, including the De Voss and Koch klans.

[mick063]

8. I agree with Snyder

It should be the accounts in the Cayman Islands bailing out Detroit instead.

The hidden money that does not pay taxes, nor "trickles down", nor invests in manufacturing, nor creates jobs.

That is where Detroit's money is. Bring it back where it belongs.

In Detroit.