Skip to comments.In My Native City Of Detroit, Atlas Has At Long Last Shrugged
Posted on 07/24/2013 7:22:46 AM PDT by SeekAndFind
Im sad. Detroit is my native city. Its decline from being arguably the worlds richest city to being Americas first Third Word city is tragic, politically criminal, and a warning to other Americans.
The official declaration of Detroits bankruptcy last week could not have come as a surprise to anyone familiar with the Motor Citys atrocious financial condition. The city had no hope of ever recovering from its colossal over-indebtedness, and without a central bank standing by to create fiat credit to augment its insufficient revenuethe scheme that is the only thing keeping the even more colossally over-indebted national government solventthe only question was when someone would pull the plug.
Fiscally speaking, Detroit had been in the walking dead category for years. Last Thursdays announcement by Detroits emergency manager, Kevyn Orr, finally acknowledged the inescapable facts.
Clearly, some Michiganders are still in denial and refuse to face those facts. Last Friday, Ingham County Circuit Judge Rosemarie Aquilina insisted that the Chapter 9 bankruptcy declaration be withdrawn, stating the Michigan constitution forbids any action that would decrease the pension benefits of public employees. In the first place, Judge Aquilina should read my article about will and abandon the delusion that a constitution can alter reality by making nonexistent funds magically appear; in the second, it is an unjust constitution that confers a protection on public employees that private-sector employees dont have. A sounder constitution would have prohibited the city government from gaining control of employees retirement funds contributions and instead have mandated that those contributions all go into a private fund in the workers names where the city couldnt touch them.
(Excerpt) Read more at forbes.com ...
Sorry, couldn’t get past the misused apostrophe in the third sentence. The writer is a complete idiot.
One apostrophe and you judge the writer’s intellect... wow, that’s deep.
Don't want to rush to judgement here, but Aquilina seems to be an idiot.
double dinosaured ...
He might be a smart guy, but he has no business whatsoever writing newspaper articles! If you don’t understand elementary English grammar, don’t write for publication!
Wow, its on the web site too. The editors were the first ones fired when the profits started dropping off the cliff.
Thanks for the ping.
The only problem is that it took so long. Other cities and states and even the federal government ought to learn a lesson from Detroit, but they won’t. Not as long as there is one person out there left out there to loot.
I know, it’s completely ridiculous. I went to the Forbes site before I posted my complaint just to make sure the original poster didn’t insert the error himself.
RE: He might be a smart guy, but he has no business whatsoever writing newspaper articles!
Has it not occurred to you that people sometimes MISPRINT or MISSPELL things?
Your penchant for grammatical perfection while ignoring the content of the article is astonishing.
There is a missing ‘l’ in ‘Third Word City’ as well, but you’d have to school me on apostrophes.
I though maybe he had migrated there from somewhere after seeing the TV commercials touting Michigan, but he said he had moved out of Detroit partially because he had a new woman in his life who wouldn't come to his house because of the neighborhood.
I asked him if was hard to sell a house like that and he said he just left it and walked away. I said, "Wow, that must have hurt." But his reply was that it only cost him $4,400 in the first place.
I've thought about that often in hearing the stories of Detroit's demise. For anyone not to have seen this coming long ago amazes me. For anyone to have stood by and ignored the obvious amazes me even more. How the hell did no one care to do anything about the condition of this once great city when the cost of a home had slipped lower than John Kerry's bicycle?
Do people commonly make mistakes like this while writing for FORBES? We’re not talking about the author’s grocery list here—we’re talking about a published article. Do you *really* think that’s acceptable? If so, you have a job waiting for you as a public school educator.
Thanks, I agree. It’s like writing an article on finance and reversing the numbers.
Its decline from being arguably the worlds richest city to being Americas first Third Word city is tragic, politically criminal, and a warning to other Americans.
Sorry, couldnt get past the misused apostrophe in the third sentence. The writer is a complete idiot.
I agree whole-heartedly, dinodino. I'm surprised Forbes can't afford a copy editor to clean up after its apparently Detroit-educated "writer."
I agree, however, that such errors should never creep into a publication.