Tax and Spend

Peter Schiff tells the obvious, but unspoken truth about Detroit.

"The real story of Detroit is that its problems are entirely man-made, and can be summed up in seven words. Private enterprise built it, government destroyed it."

The same is true of our entire country.

"In the first half of the 20^th Century, Detroit offered good manufacturing jobs to nearly 200,000 workers. The booming labor market caused the City’s population to swell to 1.8 million by mid Century. But the jobs did not come from government programs or public “investments” in education and training. They were in fact created by the vibrancy of American capitalism, the vision of forward thinking industrialists, the strong work ethic of the labor force, and the relative non-interference from government or organized labor."

If you scale the numbers, that sounds exactly like Dayton.

"The good news is that the same forces that built Detroit could help turn it around, if only they were allowed to function."

This whole article could be about Dayton. This is why Dayton joined Detroit on Forbe's list of ten fastest dying cities. Dayton city budget info. 2013 budget outline. Page 28 is telling. City manager proposed budget cuts in 2011.