“Charles Krauthammer Takes on Sally Kohn: Detroit Is Not a GOP Failure, ‘It’s Been Run by the Democrats for 60 Years’”
“…, Detroit is not really an example of the failure of GOP economic policy. It’s been run by the Democrats for 60 years, and you can cite all the studies about how bad austerity is, all you have to do is look at Detroit and you get an idea of how bad the absence of austerity is, it’s a city in ruin,” Krauthammer said.
“I think that the reason that the administration is hesitant to even talk about a bailout is that it understands that Detroit is a precedent,” he continued. “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. And that’s why even this administration, even this administration is going to hold back from doing this.”