Topic: Detroit Becomes Largest U.S. City To File Bankruptcy - page 4. (Read 7384 times)

if I didn't live here it would be comical the way things have been handled here i Detroit. the tax base shrinks every year, huge mainstream businesses, hotels, restruants being shuttered and sold off, most with power and water bills several years behind, and home occupancy has never been lower. there are entire blocks with 1 home left. I have no neighbors. two houses on either side and both behind me are empty, and I live in the nicest area still inside Detroit! it is now common practice here if police catch you squatting, as long as your not scrapping copper, have no open fires or illegal electric hook-ups and not trashing the place, your allowed to stay with no hassles. they even started alowing squatters to get legal gas/electric hook-ups with a few inspections and a pre-paid account.

what little money that does come in to the city is either stolen, embezzeled or paid out in kick-backs, bribes or settlements.
EVERYONE IS ON THE TAKE. from our school principals,city councel members, the mayor....and soon the County Commissioner....all have been, are in, or are steps away from prison sentences for fraud, bribery or corruption. Martha Conyers, Kwaymi Kilpatrick, Sam Riddle.....all convicts. then we have a county commissioner who still gave millions in bonus' and severance pay to an absentee employee when she was uncovered, only to have her sue and win even more....all the while he spent 19 million on a new 10 story jail. today it's a 3 story shell. already over budget, bankrupt and now for sale. to sweeten the real estate deal (to defer blame), the offer also includes our current jail, court house and juvenile facility... all with no plans to replace these much needed infrastructures.

another city councelman is being charged for improper contact with an underage boy. seems he was using a highschool mentoring program he spearheaded as a dating service

I could go on, an I don't really even keep up with all the current events or news. I can attest: about the only things thriving here are corruption, blight, guns, drugs and crime. if it wasn't for the grow houses and dispencerys seeking saftey inside the city limits, it WOULD be a ghost town

Detroit's been plagued by the most incompetent, corrupt sacks of garbage running the city for quite a few years. Economic ideology aside, Detroit was doomed just by the people running it.

Detroit Power:
http://www.youtube.com/watch?v=GDqu8tXrQWU
http://www.youtube.com/watch?v=stoT4pZNn7A
http://www.youtube.com/watch?v=vhsPipaalb4
http://www.youtube.com/watch?v=21iKcHjZnTc
http://www.youtube.com/watch?v=gEfNF7Naq14

You might watch the last one and not think it's real.... http://www.freep.com/article/20130624/NEWS01/306240077/McCree-master-ruling-misconduct Most ridiculous place in the US...

Hmm

It always amazes me how people think that any debt crisis is 5 years away.

It has always been 5 years away.

Well, in my opinion, it is at a maximum of 2 years away. If I was to time it, I would guess this house of cards would begin to fall later this year or in early 2014.

Detroit is an order of magnitude worse than any other major city in the US. This isn't necessarily a leading indicator, although some of the same dynamics (massive indebtedness, stagnant/declining revenues, underfunded pensions) apply. My guess is what Detroit is going through now will be happening elsewhere, but only 5+ years from now.

WOW. THIS is big news.

We are entering a financial apocalypse.

And so it begins...