Krauthammer: Detroit Bailout Would Start Bad Precedent

Monday, 22 Jul 2013 07:30 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The White House has been silent on any possible bailout for the city of Detroit after it filed for bankruptcy on Thursday, and conservative commentator Charles Krauthammer says expect it to remain that way.

"It's a city in ruin," Krauthammer said Monday on Fox News Channel's "Special Report."

He disputed left-wing commentators who blame the city's woes on Republican policies.
The city has been run by Democrats for the past 60 years, during which it went from a thriving center of the automotive industry to a blighted urban area with non-working street lights.

The Obama administration isn't talking about a bailout, Krauthammer said, because it knows Detroit is a precedent.

"The minute you step into a bailout in Detroit you're going to get every city in the country lining up with a tin cup," he said, "and that's why I think even this administration is going to hold back from doing this."



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Sen. John Walsh Blames Plagiarism Woes on Post Traumatic Stress

Thursday, 24 Jul 2014 06:44 AM

Sen. John Walsh, an appointed Democrat in Montana now running to keep his U.S. Senate seat, claimed his unattributed use . . .

Jane Fonda: I'll Be Mad If Murdoch Acquires Time Warner

Wednesday, 23 Jul 2014 22:01 PM

Jane Fonda says she'll be "so angry" at federal regulators if they approve an acquisition of Time Warner by Rupert Murdo . . .

Arizona Inmate Dies Hours after Execution Began; Brewer Calls for Probe

Wednesday, 23 Jul 2014 21:58 PM

A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved