Detroit spent all its money and then some, and now it plans to solve its financial woes by dipping its hands more deeply into the federal purse.
Treasury Secretary Jack Lew said on Sunday that a direct federal bailout for the bankrupt Motor City is out of the question, but Detroit has something else in mind.
Advertisement – story continues below
FoxNews reports the city has $5.7 billion in outstanding retiree health costs, and plans to take retirees too young to qualify for Medicare and send them into the ObamaCare insurance markets, thus increasing the burden on the federal government, with subsidies from ObamaCare being provided by federal taxpayers.
Read More at Human Events . By Teresa Mull.
Photo credit: terrellaftermath
Advertisement - story continues below
What do you think? Scroll down to comment below.