Because none of the leadership of either party has intellectual honesty, character, or backbone. And the other reason is that our Dear Leader, The One, Barack Hussein Obama (mmm, mmm, mmm) is not white.

And as a refresher.. http://youtu.be/9Ty7WU872Lk

Tell me again, why hasn't Dear Leader been impeached yet?

There is a difference between achieving and taking from achievers.

and while "greed", in this forum, is good, this greed was shortsighted and unwise -- trying to steal from the government till without increasing productivity! that's my opinion; feel free to make it yours!

this is why our 2014 dollars are worth the equivalent of 1914 nickels (at least not wooden ones!). the quantitative easing tax is invisible to almost everyone. those of us on nearly fixed incomes are more likely to see this and vote against it!

As a former Detroiter, (thank the gods for "former") I can predict that $100 million, $500 million or ten times that amount won't clean up 10 square blocks of Detroit, but several people will be a lot wealthier in a few years.

what's the big deal. all ob will do is free up the non-existent money. in my view the fed gov is a total disaster that will never get fixed anymore that the aca is going to be fixed. they in dc are a very bad joke!

"If it seems too good to be true..."

During the years that precipitated the bankruptcy of Detroit the workers were required to be residents and therefore had opportunity to vote for the idiots that created the bankruptcy. The workers themselves let their unions make demands that were clearly unsustainable... I don't think we should feel sorry for them or bail them out. The governor is on this bandwagon too, but if the POTUS does this it will set a precedent and start an avalanche.

If this method gets legs and becomes the new paradigm for dealing with such problems it has two possible outcomes, in my opinion. 1 - total economic collapse. And..2 - massive inflation (followed by related economic collapse).

I agree, there is no way we can bailout the States and Municipalities when the Federal Government is in no better shape. We cannot bailout one city and not another, that isn't a fair application of resources. If we bailout everyone we will break ourselves in the process, Lincoln's observation stands as true today as it was when he said it "Too many piglets, not enough tits".

Purchasing dem votes...with OUR money.

Clearly it would be racist to do so.

Another bailout. Of course we can't call it that.