Detroit bankrupt... this is what happens when liberal policies run your city!

[Ronin13]

I saw a blurb talking about residents moving away and thus their revenue went down. It's pretty telling what the government thinks of its citizens. We're revenue generators and not much more.

I saw that, -1.1M in like 14 years or so... Why do you think that is? Oh yeah, because they created a hostile work environment there so businesses left, therefore so did the employees. Didn't help that unions aren't cheap, and pretty much ran everything in that city. Couldn't agree more that the Detroit City Gov thinks their citizens are just a meal ticket and funding for their liberal pet projects.

Sad to see this, though I had always been pretty sure it was inevitable.

Same here- I figured it was only a matter "when" not "if" with Detroit. Anyone care to place bets on who's next? I got $1 on Chicago or Baltimore.

[Circuits]

I saw that, -1.1M in like 14 years or so...

The 1.1M took 60 years, not 14, but they managed to lose about a million in the 40 years between 1967 and 2007. After the 1967 riots, white flight accelerated by a factor of about 3, over decline rates prior to that, with peak loss rates of over 60000 per year in the late 60s.

[sturn18]

The seven US cities nearest to bankruptcy (according to this one site). Detroit was #2.

http://www.fourwinds10.net/siterun_data/government/war/news.php?q=1319562351

[Ronin13]

The seven US cities nearest to bankruptcy (according to this one site). Detroit was #2.

http://www.fourwinds10.net/siterun_data/government/war/news.php?q=1319562351

No surprise that the bonus list showed that all major cities in Commiefornia are on the verge... And also no surprise that Camden is on there, that place is a shithole.

[ChadAmberg]

It needs to be reopened as a zombie/post-apocalypse theme park. They need to hurry while zombies are still in fashion.

[Zundfolge]

Just imagine what the left can do with an entire country?

*shudder*

[Ronin13]

Just imagine what the left can do with an entire country?

*shudder*

Can do? More like are doing... like, right now!

[sellersm]

I saw a blurb talking about residents moving away and thus their revenue went down. It's pretty telling what the government thinks of its citizens. We're revenue generators and not much more.

Yep! Take a look at the numbers in this article. 700,000 'citizens', down from millions. Check out the projected loss to the retirement plans, and others. Staggering! Goodbye, America... http://www.zerohedge.com/news/2013-0...ght-bankruptcy

[Dave]

Judge blocks filing.

http://news.yahoo.com/michigan-gov--...160222649.html

[generalmeow]

I bet you could find a nice solid building somewhere in Detroit, and just set up there and be like Will Smith's character in I am Legend.