How Detroit got here: 10 reasons
The city was once an American powerhouse. Now it's the largest municipality to file for bankruptcy. Here's why it could not keep going.
Detroit simply had no way out. But the bankruptcy is going to make everything worse before it gets better. Even more city employees now face layoffs, and valuable assets could get sold. Basic services for residents could be cut even further.
The city has thrown up its hands in what will become the largest city bankruptcy filing in U.S. history. And this case will drag on through the courts and likely end up ugly and painful for city employees and residents.
Detroit wants to wipe the slate clean, and it should. Because living in Detroit is no way to live. Here are 10 ways in which Detroit fell behind the rest of the nation:
1. Stark poverty. It's the poorest large city in the country, with more than a third of people living below the poverty line.
2. Crime is everywhere. The city has the highest crime rate of any large U.S. city. In a recent survey of the 25 most dangerous neighborhoods in America by NeighborhoodScout.com, Detroit took the top spot.
3. People are fleeing. Some 250,000 people moved away in the past decade, cutting the population to about 700,000. Many of those leaving were in the upper and middle classes. Back in the 1950s, in Detroit's heyday, the population reached 1.8 million.
4. The city feels abandoned. When you have that many people leaving so quickly, taking valuable tax revenue with them, the impact is obvious. There are about 78,000 abandoned and blighted structures and 40% of the city street lights are dark, Reuters reports. Check out these photographs of Detroit by The Observer that show just how badly the city has deteriorated.
5. The police force is barely there. Detroit police take about 58 minutes, on average, to answer emergency calls.
6. There isn't enough medical help. Only a third of the city's ambulances even work.
7. People aren't paying taxes. Only 53% of homeowners actually paid property taxes in 2011.
8. City officials racked up the debt. Detroit is carrying a crushing $15 billion in debt. It needs to pay $246 million a year on that debt -- a whopping 20% of its general fund budget.
9. No one is lending it any more money. Detroit couldn't get money from anyone to keep going -- at least not at normal interest rates.
10. Trash is piling up on the streets. The city couldn't repair garbage trucks that had mechanical problems. And so the trash sat out uncollected for days, and would sometimes get collected as late as 11 p.m.
Detroit is the worst example of liberal politics run amok. It's decline began right after the 1967 riots when it became clear that the citizens were not safe. Any attempt to crack down on crime was met by accusations of racism or some silly "social" plan that was supposed to eradicate the roots of crime,
This decline occurred long before the auto companies began to falter and blaming them for Detroit's decline avoids the real issue. Wake up everyone, you cannot let bad citizens run loose for any reason.
This is how neighborhoods change.......for the worse.
Do you sell drugs, steal cars, beat people up or kill them. Do you rob people or do poorly in school because you think it doesn't matter, (when everyone else knows it does). Do you bully people because you are unwilling to make something of yourself. Do you burn down houses.
I didn't think so. Want to live where that happens.......? Lots of empty lots in Detroit.
Detroit is the poster child for Democrats failure!
10 Reasons why Detroit is BANKRUPT!
1. Democrats run the city.
2. They are no white people
3. Only welfare democrats left, who do not pay into taxes.
6.. African American took over
7. Bad Teachers
8. Obama became president
9. Your not going to force white people to pay your bills
10. Democrats and MSN keep making up excuses for Democratic failure and keep blaming white people for their failure.
The first is debt - Detroit has proven you can't borrow your way to prosperity. Their debt service is 20% of their annual budget. God help us all when interest rates return to historically normal levels - many more cities and states will be in trouble, along with the federal gov.
The second is completely unrealistic budgetary projections. Most gov entities consistently over-estimate revenues and under-estimate spending in their long term projections. Gov pension plans inevitably are based on unrealistic rates of return. If anything, government should be extremely conservative when projecting future revenues and rates of return, and allow plenty of margin of error for future outlays. In addition, they should have a rainy day fund set up that requires them to set aside a certain percentage of their budget every year. If you want to be successful in business, you should always under-promise and over-deliver. If you think about it, gov operates exactly the opposite way - always over-promising and under-delivering.
This is going to happen all over the country. All the city union people that thought they would have great retirements are going to be working at Walmart until they die.
Why did Detroit go Bankrupt? Why did we send money to Africa? It is not a dem. or repub issue.
There is a certain percentage, of the human population, that refuses to take responsibility for there own well being.
A BUNCH OF CROOKED MAYORS TO CITY OFFICIALS!!! THATS WHY THEY WENT BANKRUPT
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