Detroit: IBG and YBG

George Will has written two insightful articles on Detroit. One here and another here. An excerpt from the latter:

Orr has found “bureaucracy on steroids” — for example, “more than two dozen layers of approval for planning and zoning.” Each layer was an opportunity for cronyism and corruption. And there was what he delicately calls “dissonance” in the political class’s thinking, which he compares to the Tulip Mania that gripped Holland in 1637. His explanation for the heedless, unsustainable pensions and other promises made to unionized city employees is: “IBG, YBG” — I’ll be gone and you’ll be gone when the reckoning arrives.