Financier Steven Rattner, who helped administer the bailout of two of the Detroit-based American auto makers, said that, "apart from voting in elections, the 700,000 remaining residents of the Motor City are no more responsible for Detroit's problems than were the victims of Hurricane Sandy for theirs."
Detroit's problems are not based on natural disaster. These are the city's own doings and a federal bail out would transfer the city's own irresponsibility to taxpayers across the nation, who also are no more responsible for Detroit's problems than they are for Hurricane Sandy.
Fortunately, smarter heads seem to be prevailing in our nation's capital so far.
U.S. Treasury Secretary Jack Lew said this week that Detroit is going to have to work out its issues with its creditors on its own.
A federal bailout of Detroit could open a spigot as other debt-laden cities might flood U.S. taxpayers for bailout that a citizenry already $17 trillion in debt could ill afford to pay.
West Virginians should take note of the causes of Detroit's meltdown and make sure the same things don't happen here.