Skip to main content

View Diary: Detroit Files For Bankruptcy… (42 comments)

Comment Preferences

  •  Detroit employees aren't that well paid... (0+ / 0-)

    And there aren't that many of them. Bing's actually firing hundreds.

    The problem is you have pensions for enough people to govern the 1.8 million strong city of the 50s, but you only have 700k taxpayers, and those taxpayers are incredibly poor.
    Cleveland has some of the same problems, but they haven't lost 60% of their taxpayers, and the ones who remain aren't near-poverty.

    Like all rust belt cities we're in a downward spiral, but we can never pull out because any plan that could work would threaten Oakland County's business model, Oakland County's got a veto, and Oakland County ain't stupid.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site