The city has been living on borrowed money and time for decades. This was going to happen sooner or later. Decades of piss-poor management and the unholy symbiosis between unions and liberal politicians finally, “fundamentally transformed” Detroit.
This city will never recover.
Most of the tax-paying whites moved out, either outside of Detroit or out of state.
Meanwhile, the democrats gained control by default. The black panthers and the SDS absolutely loved it.
You really can't blame whites for leaving, but you can blame the black panthers and their lib-commie friends for willingly instilling fear in the vital portion of the taxpaying public.
The vital public will not move back. Detroit is dead. Even Mo-Town has left.
It is time to turn out the lights and close the door.
Once it was the wealthiest city in America. Socialism crept in and has done what it always does. Made it destitute. Soon this will come to States and then to America completely.
Hey bonehead liberals, you can’t borrow money forever. You must at some point pay the piper for the music you’ve enjoyed.
This is so sad. Sad for those who trusted the unions and the government.
Obama, and Jarret, said, “Nyet!” to a bailout.
Lordy...he does love the citizens of Detroit...doesn’t he?
He was bragging about saving it during the last election.
This is what being run entirely by Democrats and Unions since 1961 looks like. Sweet, right? Just sit there on that Plantation and don't question when we tell you that this is the best you can get.
Oh, yeah, and be sure to hate Republicans... you know, those guys who died by the millions to free you, then keep your lazy, useless asses free? Yah, they're your real enemy.
You brian-dead, ghetto trash, oxygen-wasting butt-pimples. If you doubt my veracity, just watch one episode of "Hard Core Pawn." It's quite an eye-opener. You'll get it, real quick.
They will put Detroit up for sale and China will buy it and open a Chinese industrial complex. watch.............
Detroit fell because of corruption, liberal ideas, and white fools.
town ran by liberals.. BK.. who are they going to blame? they had a free run of that city and no republican had one damn word to say about it.. so liberal policies work?
Obama: “If I had a home town, it would look like Detroit.”
This is a fitting epithet for the city of Detroit. When filling pot holes for 25 years entitles one to retire at age 50, God help us.
When pothole repairmen only have to work 25 years, and can retire at age 50 (meaning he will probably collect a pension for more years than he actually worked) is it any wonder the city is broke?
The critical point in the Detroit bankruptcy is how the Bond Holders are treated. Unless the bonded investments are a guarantee of repayment, Bonds of all municipalities(and state, and federal) are in jeopardy. Easy money to local government will evaporate, and we will see a large increase in the interest rates of those willing to buy bonds, to cover the risk of default. How the courts treat Bond holders will be critical in whether Detroit is the first of many to default or only a local tragedy.
Will the Indians take it back?!?
Never fear, the usurper will write them a check with the rest of the country’s tax dollars.
Make way for Delta City.
So how long before the USA declares bankruptcy? Next year? The year after that? Who’s gonna bail US out?