Detroit bankruptcy wakeup call for all Americans

July 22, 2013, Fairfax, VA—Americans for Limited Government President Nathan Mehrens today issued the following statement responding to the bankruptcy of Detroit, Mich.:

“Detroit’s bankruptcy should serve as a wakeup call for all Americans.  The motor city’s failure is conclusive evidence that our nation cannot continue to take for granted that we will remain the wealthiest nation in the world.  The Obama Administration plus many state and local governments continue to assume that they can engage in a full-fledged assault on our nation’s job and real energy producers using both the tax code and environmental regulations, meanwhile creating an almost $3 trillion unfunded pension liability. It is nothing more than a pathway to disaster.

“Hopefully, Detroit’s example will cause Americans to reject the pervasive attitude in the Obama Administration and at the state and local level that the free enterprise goose that has laid the American golden egg cannot be killed no matter how many lead weights are put around its neck.”

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