Talk about eating ones seed corn
If the 'leaders' of Detroit are seriously considering this, the city is gone with zero hope of recovery.
From the
Detroit Free Press:
DIA's art collection could face sell-off to satisfy Detroit's creditors
The once unthinkable is suddenly thinkable.
Detroit emergency manager Kevyn Orr is considering whether the multibillion-dollar collection at the Detroit Institute of Arts should be considered city assets that potentially could be sold to cover about $15 billion in debt.
How much is the art at the DIA worth? Nobody knows exactly, but several billion dollars might well be a low estimate.
Even the possibility has set off a sharp reaction. The DIA hired a bankruptcy lawyer to advise it, and philanthropist and DIA patron A. Alfred Taubman said this evening that �it would be a crime� to sell any of the DIA�s collection to satisfy city creditors.
�I�m sure Mr. Orr, once he thinks about it, will certainly not choose that as one of the assets,� Taubman said. �It�s not just an asset of Detroit. It�s an asset of the country.�
Want to know what the final stages of a socialist state looks like?
You have your own microcosm in Detroit -- a perfect workers utopia.
Ideas so good they have to be mandetory...
Posted by DaveH at May 25, 2013 11:13 AM