www.politicususa.com/2013/07/20/detroit-beta-test-gop-plan-sell-federal-government-corporations.html
"What Detroit suffered is a microcosm of the federal government leveraged with debt from Bush-Republicans’ tax cuts for the rich, bailouts to Wall Street and banks designated as “too big to fail,” a Medicare prescription plan, and two unnecessary wars that were all unfunded and put on the nation’s credit card. To make it nearly impossible for the federal government to meet its debt obligations, Republicans refused to bring in more revenue, and spent four years driving up debt with extensions on tax cuts for the rich, overfunding the already bloated defense budget, and nearly causing the government to default on its debts during the 2011 debt ceiling crisis. Along the way, Republicans have attempted cutting Medicare and Social Security spending they claim is driving the debt and deficit, as well as using the sequester to starve domestic programs into oblivion not unlike Detroit’s city manager withholding funding for education, city maintenance, and social programs as prohibitively expensive while giving tax breaks to the rich."
