Will Taxpayers Bailout Detroit?

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July 23, 2013 News and Analysis on Your Money in Washington

Will Taxpayers Bailout Detroit? Last week, the city of Detroit declared bankruptcy. Washington should ignore calls for a federal bailout. All bailouts do is punish state and local governments that are good stewards—and enable those that are not to continue poor management.
Hurrah Too Soon: White House Budget Revision Gets Worse Our debt situation has worsened since before the recession. Putting the federal budget on a path to balance is even more urgent now. Read and Comment On Our Blog >>
Despite Sequestration, Spending and Debt Will Continue to Grow Much larger spending cuts are needed to rein in federal spending. Sequestration trims only 12 percent off the total deficit over 10 years. TRILLIONS OF CURRENT DOLLARS See More Visuals to Understand America's Debt >>	Moody’s: Further Deficit-Reduction Needed to Maintain Stable Outlook America may face downgrade Read More on Our Blog VIDEO: New Report Shows Rich States, Poor States WSJ's Stephen Moore and other experts unveil report Watch the Video Now FACTSHEET: Why We Must Defund Obamacare We need to halt new entitlements before they start Print and Share Factsheet

	Want more analysis on taxes, spending and debt? Visit Entitlements home page >>

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