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July 25, 2013
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A graphic economic illustration

It has finally happened. The chickens have come home to roost. Actions of the past now have consequences. They reaped what they sowed. I am out of clichés. I am talking, of course, about the largest crash yet of liberal fiscal policy in the U.S. If you haven’t heard, Detroit filed bankruptcy last Thursday. That bastion of liberal rule and “kick the can down the road” financial planning is now dead broke. They have $20 billion in debt to over 100,000 creditors and bond holders. That is $28,500 for each of Detroit’s 700,000 people. It is amusing and entertaining to …

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The Nevada Appeal Updated Jul 25, 2013 06:43PM Published Jul 25, 2013 06:43PM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.