by Jane Richey | Aug 5, 2013 | Fiscal Responsibility, Politics
In the wake of America’s manufacturing decline, Detroit enacted policies that drove out businesses and residents. Rather than reduce the size of government as its population shrank, the city instead sought higher levels of government spending. City leaders acquiesced...
by Jane Richey | Jul 19, 2013 | Fiscal Responsibility
The City of Detroit filed for bankruptcy yesterday afternoon. It owes as much as $20 billion and there is no conceivable way that debt will ever be paid. The city offered its debtors 10 cents on the dollar but the debtors refused. A good deal of the blame –...
by Jane Richey | Nov 21, 2012 | Free Markets
Americans have gone crazy over the possible loss of Twinkies, Ho Ho’s, Ding Dongs, and Hostess CupCakes after the company said it was shutting down because its bakers’ union opted to walk off the job for a strike. People are already asking exorbitant prices on eBay...
by Jane Richey | Nov 16, 2012 | Free Markets
Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike last week after rejecting in September a contract offer that cut wages and benefits. Hostess said Friday the company is unprofitable “under its...
by Jane Richey | Aug 14, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment...