So Detroit has filed for bankruptcy. For those who think that government will always pay its dues and those who rely on government doles this is a good wake up call. When we have NREGA, Right to Food, and other programs that are being funded with huge budget deficits we need to be scared. Very scared.
http://economictimes.indiatimes.com/news/international-business/detroit-files-biggest-ever-us-municipal-bankruptcy/articleshow/21153858.cms
P.S. The logic behind these posts can be found in
this
post
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