{"id":14418,"date":"2013-07-29T21:28:15","date_gmt":"2013-07-30T03:28:15","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=14418"},"modified":"2013-07-29T21:28:15","modified_gmt":"2013-07-30T03:28:15","slug":"detroit-bankruptcy-and-more-of-the-same","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2013\/07\/29\/detroit-bankruptcy-and-more-of-the-same\/","title":{"rendered":"Detroit Bankruptcy and more of the same"},"content":{"rendered":"<p>Again pulled from some very informational investing reading\u2026<\/p>\n<p>\u201cThe root of the <strong class='StrictlyAutoTagBold'>problem<\/strong> is simple\u2026 <em>The people who are voting for the government services and the government spending are not the same people who have to pay for them<\/em>.    <br \/>There&#8217;s always demand for more spending because the <strong class='StrictlyAutoTagBold'>people<\/strong> who are voting for the spending don&#8217;t have to <strong class='StrictlyAutoTagBold'>pay<\/strong>. As long as that remains the case, you&#8217;re <strong class='StrictlyAutoTagBold'>going<\/strong> to see a significant <strong class='StrictlyAutoTagBold'>decline<\/strong> in the government&#8217;s creditworthiness at all levels.\u201d<\/p>\n<p>&#160;<\/p>\n<p>WD0AJG<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Again pulled from some very informational investing reading\u2026<\/p>\n<p>\u201cThe root of the problem is simple\u2026 The people who are voting for the government services and the government spending are not the same people who have to pay for them. There&#8217;s always demand for more spending because the people who are voting for the spending don&#8217;t have to pay. As long as that remains the case, you&#8217;re going to see a significant decline in the government&#8217;s creditworthiness at all levels.\u201d<\/p>\n<p>&#160;<\/p>\n<p>WD0AJG<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[13],"class_list":["post-14418","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bbs","odd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Detroit Bankruptcy and more of the same - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2013\/07\/29\/detroit-bankruptcy-and-more-of-the-same\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Detroit Bankruptcy and more of the same - And That was How it Went\" \/>\n<meta property=\"og:description\" content=\"Again pulled from some very informational investing reading\u2026 \u201cThe root of the problem is simple\u2026 The people who are voting for the government services and the government spending are not the same people who have to pay for them. 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So far, we've dealt with all those problems simply by increasing the amount of people on Social Security, disability, and food stamps. We've been\u2026","rel":"","context":"In \"Abundance Economics\"","block_context":{"text":"Abundance Economics","link":"https:\/\/www.ishmaels.net\/blog\/tag\/abundance-economics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5220,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/03\/08\/how-to-stop-the-end-of-america-a-few-secrets-from-warren-buffett-the-project-to-restore-america\/","url_meta":{"origin":14418,"position":1},"title":"A few secrets from Warren Buffett\u2026 The Project to Restore America \u2026","author":"wd0ajg","date":"March 8, 2011","format":false,"excerpt":"These are some selected excerpts from the The S&A Digest\u00a0 You do have to sign up for it but some of the letters are free, although they will not give much in them but hints.\u00a0 I have found that a lot of the \u201csales\u201d focused letters give enough hints that\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.stansberryresearch.com\/secure\/images\/icon.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2226,"url":"https:\/\/www.ishmaels.net\/blog\/2010\/09\/15\/who-is-lying-to-who\/","url_meta":{"origin":14418,"position":2},"title":"Who is lying to who?","author":"wd0ajg","date":"September 15, 2010","format":false,"excerpt":"I guess that title should actually be \"whom\" for all those grammar cops out there... but I never professed to be totally literate! Well if you will remember I posted the other day (7th this month) about having done the company survey. \u00a0Maybe I should be working a little harder\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2010\/09\/Blog-problems.gif?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2010\/09\/Blog-problems.gif?resize=350%2C200 1x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2010\/09\/Blog-problems.gif?resize=525%2C300 1.5x"},"classes":[]},{"id":12677,"url":"https:\/\/www.ishmaels.net\/blog\/2012\/09\/05\/the-greatest-story-about-taxes\/","url_meta":{"origin":14418,"position":3},"title":"The greatest story about Taxes","author":"wd0ajg","date":"September 5, 2012","format":false,"excerpt":"I got this as a subscriber to the free email\u2026 I love the way he put it and it really makes sense to me\u2026 it does not take sides on Flat Tax or Fair Tax but presents a great scenario about why our tax system in the US is just\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6441,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/05\/29\/the-real-story-on-taxes-we-pay\/","url_meta":{"origin":14418,"position":4},"title":"The real story on taxes we pay!","author":"wd0ajg","date":"May 29, 2011","format":false,"excerpt":"Before I hit in the tax problem lets look at some general statistics. Let\u2019s look at some stats: ? 44 million Americans living on food stamps or roughly 1 in 4 Americans are on some sort of food stamp assistance. ? 1 in 5 Americans that are behind, underwater or\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"Guess Who Really Pays the Taxes","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2011\/05\/GuessWhoReallyPaystheTaxes.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":57967,"url":"https:\/\/www.ishmaels.net\/blog\/2015\/07\/06\/replace-facebook\/","url_meta":{"origin":14418,"position":5},"title":"Replace Facebook?","author":"wd0ajg","date":"July 6, 2015","format":false,"excerpt":"This accomplishes the same thing as Facebook without spending all that time sitting at a computer. Try it....It works. 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