Last week Detroit announced that they were declaring Chapter 9 bankruptcy in lieu of $18-$20 billion in debt. Kevyn Orr, Detroit’s emergency manager recommended the bankruptcy and Michigan Governor Rick Snyder gave his authorization. However, just a few short days later, Ingham County Circuit Judge Rosemarie Aquilina ruled that the bankruptcy violated the state constitution and therefore had to be withdrawn. The state constitution forbids anyone or anything from cutting the pension benefits of public employees.
But what led Detroit down the road to financial ruin and the need to file for bankruptcy protection? The city was a thriving metropolis and the center of the automobile industry and Mo-Town music. But then the Democrats took over control of the city in 1962 and have had their greedy hooks in it ever since. After 51 years of Democratic rule, this is what Detroit looks like today:
- 40% of the streetlights don’t work
- 210 of the 317 public parks have been permanently closed
- Nearly 1/3 of buildings are abandoned
- It takes police nearly an hour to respond to a 9-1-1 call
- Some homes listed for $1 and realtors still can’t sell them
- Population dropped from 2 million to 714,000
- Unemployment rate in July 2009 hit 27.8%
- Current unemployment is 16.0%, more than double the national average
- 98% of other cities have lower crime rates and are safer than Detroit.
- 51 years of Democratic mayors
Read the conclusion here at Political Outcast