Friday, August 9, 2013

Detroit, "It all has to go!"

Steve Siebold, self-described as "author and expert in the field of critical thinking and mental toughness training," gives Detroit a little boot camp training.
So let me get this straight: Detroit is bankrupt and has no money, yet it can conveniently come up with $200,000 for a "procedural" [art] appraisal? This has got to be one of the biggest lessons in delusional thinking of behalf of a municipality.
Siebold doesn't just want the artwork sold (he thinks it's a "good start"), he thinks everything must go.
From there it's just a matter of going down the line, from the city held airport to the Detroit-Windsor tunnel, real estate and parking garages. It doesn't matter how old or nostalgic the artwork or any other asset is. It all has to go!
And so do unions and the sense of entitlement to a federal bailout, says Siebold. 
The situation in Detroit and Chicago is quite ugly indeed, but the solution starts with eliminating wasteful spending with money that's not available, liquidating assets, dissolving the unions, and getting out of an entitlement way of thinking that a bailout is the solution.
Luckily, and hopefully no rain-out, I get to watch the Detroit Tigers take on the Yankees tonight before Siebold sells them to the Russians.


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