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Monday at this time -- good morning tea.
Are you -- -- investments and stuff like this is is today the David tell William and Kate should think about a five point nine plan.
Well probably so -- -- today it looked like this will be finally today.
And what does it what does it mean to you.
Well not as much as a means to everybody else everybody's.
-- -- We're not talking about Detroit would not -- -- about lots of other thing I would oh yeah great I I can't say this I think she's fantastic.
I think she has done such a fantastic -- and I'm a fan of the -- I met the queen wants some a -- of the quick you know.
She's been up -- to so many years never made a mistake in a world of mistakes we watch up president.
We -- everybody it's constant every day mistakes yeah woman has -- -- made a mistake.
Well her reaction to Diana's death some people had a problem with that achieved she recovered and we just heard that she had a 90%.
Approval all right so -- -- got one of the highest approval ratings particularly terrific well and the thing about this story is there's so much bad news out there and eat it it's nice in the middle of the summer have a good news story.
Well it is and I story and the question of the name I don't know I know it will be Donald I don't won't be Bryant now I.
We don't not -- to be Bryant.
To look at what happened but it -- great stories she's fantastic certainly.
So does something it Detroit a lot of people say -- it's too bad about Detroit.
Other experts who are in your class who know about the -- about the macro economic impact say Detroit could be just the beginning.
With so many cities in America and have to deal with because -- caught up with so many.
Unaffordable and -- Pension plans -- -- feel about that.
Well -- -- it has been missed -- -- mismanaged for many many years this country is being mismanaged and been you know may -- utilities to.
Lower image of what this country -- because we have the same thinking.
With the United States as they had in Detroit at Detroit.
Had no choice and it's gonna be -- See what happens your project status saying they can't do that -- but of course what difference does that make that -- hey -- up the body that nothing.
And they have to do it and they're gonna have to get incentives to get people back to work because people aren't working I mean you look at Detroit did not work in.
The unemployment rate is -- through the -- it's really it you know its population has gotten way way way down.
And the people -- the money it paid the taxes of god so you don't need to do with the -- like that problem very just.
That you that you can't cut off these pensions and so the next step many people wonder is will the president step then.
And do some sort of a -- and would that be a slippery slope.
Well they're possible slope because if you bail out Detroit you're gonna be bailing out every city of -- this is just something that.
It's going to be a natural progression.
Things will probably happen but it's going to be a rough time I mean you look at their unfunded liability is -- -- pension liability.
It's so high.
-- that Michigan would have a hard time with -- that Michigan is not you know having such an easy time anyway.
Yeah -- Detroit is really be governor of Michigan is doing an excellent job peace incensed at what happened.
But this has been incompetence.
And mismanagement for many many years and we have other cities like -- we have many cities.
Center as they -- almost as bad as he -- it.
Well the problem for Detroit has been historically and this is also problem in in Illinois and California as well where -- the leaders of those places.
Make such sweet hard deals with the big unions everybody gets paid both handsomely and then has very rich benefits.
Going in perpetuity and you know the people of Detroit and elsewhere are left holding the bag.
Well you know they think you're going to get votes and short term they get votes but what they've done is destroyed many of the cities in this country to it is going to be a very interesting case because.
It really is emblematic of what's going on of the -- we have many studies have such unbelievably bad shape.
And it's all because you know guys did well not all in many cases its -- confidence but a lot of that guy.
People running for office -- -- pander to the union that they want to -- to everybody else and they can't negotiate with this or predicted voters to vote.
And they don't do the right thing you -- it is a total -- Semi by the way did you know like manufacturing as it as it dissipated as it petered out or when some other places.
Pittsburgh made the move other cities have made that was that these challenges Detroit just kept trying to.
-- -- well there are held on and if they didn't hold on to the people -- working and paying the tax.
And the taxes.
You know they're nonexistent to -- you look at how many people think taxes in Detroit.
But he's there what's gonna happen here so -- they really serious situation.
The bigger problem is how many -- -- we have like he -- the answer is Danny.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- A lot bigger than Detroit's -- better in not such a yet different position.
Yup and some have already filed for bankruptcy out in California as well Donald I have a fantastic week we'll talk again next week very good -- -- -- -- tell -- I rather --
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