Rasputin_Vol
"Slava Ukraina"
- Joined
- Aug 14, 2007
- Messages
- 72,056
- Likes
- 39,844
The problem was caused by the City of Flint first of all. Michigan had to take over the city's finances because they were unable to control their balance sheet.
So, there was a shortfall of money in Flint, causing Michigan to step in, and a shortfall of money in Michigan to fix the problem. Should the feds step in every time a town or city runs short of money to fix their problems?
No, no more than the Feds need to be bombing countries halfway around the globe and (possibly) rebuilding over there for several times more than what could have been spent at home.
I guess you still don't get it, do you?