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I shrinking tax base engine -- out -- high paying union job just some of the things that led.
Experts to say that that all contributed to the city of Detroit's twenty billion dollars in debt.
And the bankruptcy they filed.
Recently but our next guest says.
Put it all in perspective and when you're out go exceed your income your upkeep.
We'll be your downfall.
The words of the prophetic country music star Larry gatlin who joins us today live from Nashville where is looking around -- -- good morning to -- State made about I -- I'm doing better than Detroit but you know what Detroit should've seen this coming when you spend lots more.
On -- out go -- your income.
That'll be your downfall to quote you.
Well Detroit had a real serious maybe terminal case of cranial rectum modest about it.
Back in ninety -- yeah that's a technical term Stevie and think about 19545455.
Half -- Cherokee Indian woman who's born -- reservations southeast Oklahoma -- -- bill.
Never had more than second grade education have had a bank account.
But she she pulled her grandson to her put her arms around and -- Melissa solar wind.
She had -- five dollar bills that you take good care then -- just in that -- a fluke as it may be the last one I ever get to give you.
You see she'd been through the depression she knew that banks would -- should never had a -- -- never had a credit card never rode chick and her life.
She paid -- bill every Saturday morning after my grandfather gave -- his chick from Sinclair all company on Friday afternoon.
She told me don't you forget this as she -- that's.
When -- out though exceed your income you're not -- will be your downfall.
Or Bernanke Larry Summers who -- you are.
Wherever you are she's smarter than -- -- -- never had any more than secondary education.
The him a friend doctor art -- yeah Mr.
President and I know your big gallon Brothers fan and Fox News so that's our last for LA if if the he is.
His office opens at about 10 o'clock call and call him.
If you call him by about eleven do what he says but 130 this formerly great country of ours we'll get back on track by about -- -- Art Laffer and he's a brilliant and -- miss it.
And Larry you know dear friend of mine.
Sure the people in Detroit though they've got a plan they say you know we we got to change things the way we're doing things right now so what we're gonna do is.
A number of -- retirees for the city of Detroit.
They currently have their own private health insurance but don't think they're gonna push him into the obamacare exchanges detritus -- Medicare Medicaid.
To save money.
Is that a good idea.
Well they'll have plenty of room because of all the states -- -- who have already opted out -- when I'm gonna put that employer mandate of the a lot of revenue RS we know.
Here's the way they do that the way they shift that around is like those two boys up in Atlanta.
They decide to go on watermelon business -- bottom truck.
They went down to Florida and -- load watermelons for fifty cents at least they came back -- to Atlanta and sell them two for a dollar.
And one I've got to count the money should by the -- have have bigger truck.
The fact that at at at at at.
-- at that -- that way that's right I was talking about Medicare -- one other thing for you you know a lot of people around the country are worried that Detroit.
Probably gonna wind up with some sort of a federal bailout which means all of us have got to pay for there economic stupidity.
What's your point.
In that way we do things around here unfortunately it is somebody you know somebody gets in for you know what they hadn't come to bail me out lately.
I've got a little flat piece band -- -- 500 dollars a day for a bus you ought to try to pay that airline -- Southwest Airlines for Larry when gala itself.
You know -- Really until I didn't have as my friend Roger Miller said he said a lot of people are coming to his shows dresses empty seats.
Can't expect that I think about that I want if we don't have as many people -- because they don't have any money and I'm having fortunate.
I had to cut my drummers play fed cut the Brothers and -- they weren't happy about it.
Detroit's got I don't ought to bail -- out -- take care of the -- run.
All right that's my first job will they go Larry gatlin talking about his first jobs -- and so much more joining us today from national Larry thank you.
Say you enjoyed it to everybody -- -- have a nice weekend are.
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