Black rule and bankruptcy
Paul Kersey writes:
The largest municipal bankruptcy in American history has been declared in Jefferson County, Alabama, home of Birmingham (the Detroit of the South).Here is the beginning of Mr. Kersey’s article:
What happens when a county, home to one of the former great cities in the world, turned over to the auspices the Black Undertow through white flight, can no longer raise enough tax revenue to pay infrastructure bills? Answer: the largest municipal bankruptcy in American history….
Alexis Zarkov writes:
Bond Girl (no association with 007) provides us with this detailed (and fairly boring) review of what happened in Jefferson County Alabama based on a series of complaints filed with the Securities and Exchange Commission. The article, which is clinical, detailed, and extremely informative, makes no reference to the county’s demographics, or the race of the actors in this drama. That’s unfortunate because without race one cannot fit the Jefferson County debacle into the larger context of what’s happening in America to Business Insider, 16 major U.S. cities face the possibility of fiscal meltdown this year without making severe spending cuts: Birmingham, San Diego, San Jose, Los Angeles, San Francisco, Camden, Patterson, Newark, Detroit, Chicago, New York City, Washington DC, Cincinnati, Reading, Honolulu, and Central Falls, RI. Obama kept the wolf from the door with a massive flow of money using the American Recovery and Reinvestment Act (ARRA) of 2009 (a.k.a. Stimulus I). Almost none of that money went into “infrastructure” improvements or “shovel ready” projects. The real purpose of ARRA was to bail out the liberal regimes in states and cities. ARRA turned out to be a one-trick pony, and now in 2011 the wolf is finally at the door. Without control of the House, Obama and the Democrats can’t do Stimulus II. Evidently they didn’t foresee the Tea Party movement and losing the House. Normally the Republicans would have gone along, but not with the Tea Party people holding their feet to the fire. Now in late 2011, we see the various “Occupy” actions all over the country as the delayed spending cuts finally come into being. Everyone of those 16 cities has a large (nearly a half) non-white population with a liberal government that stays in power through patronage and social spending on non-whites. Bond Girl might be technically correct, but misses the larger picture—Jefferson County really is the canary in the coal mine.
Posted by Lawrence Auster at November 10, 2011 03:24 PM | Send