Shikha Dalmia on One Tough Nerd’s Bailout Plan for Detroit

After swearing that there would be no bailout for
Detroit, Michigan Governor Rick Snyder, aka One Tough Nerd,
announced, guess what last week? A bailout!

It doesn’t sound like a lot – only about $17 million every year
for 20 years – about a third of the annual subsidies that fat-cat
Hollywood producers receive from the state currently.  The
money will be given to the Detroit Institute of Arts to give to
Detroit’s pensioners, saving both.

But Shikha Dalmia explains here what’s wrong with this
too-clever-by-half scheme.

View this article.