Panel finds Detroit in dire shape; up to governor to act

Comments (6)
CountryPride wrote:

Detroit was already going downhill for many years thanks to the do nothing for handouts culture that it was pushing. The nail in the coffin was when multiculturalism was pushed and promoted and hundreds of thousands of legal and illegal immigrants flooded into Detroit mainly from Arab countries and Mexico. This is a perfect case study of how mass immigration from non European countries does not help the economy and in fact ends up bankrupting local governments because they take out more than they are putting in to the system. This is exactly what they are trying to do to the whole of America with this next major amnesty which they are trying to label “immigration reform”

Feb 19, 2013 9:24pm EST  --  Report as abuse
Harry079 wrote:

“An expert panel concluded on Tuesday that Detroit faces a fiscal emergency in a city plagued by operational dysfunction”

Put of the problem is paying for an “Expert Panel” to conclude what EVERYONE else already knew.

Feb 19, 2013 10:14pm EST  --  Report as abuse
imindependent wrote:

Detroit will be the biggest municipal bankruptcy ever. Anyone who has those tax free detroit municipal bonds will take a bath. The federal pension guarantee fund may get stuck with billions. And lots of other collateral damage may occur.
But for now nobody will notice. We’re already shell shocked by the real estate bubble bursting, so we think a little detroit bankruptcy doesn’t mean much. We’ll see.

Feb 19, 2013 10:35pm EST  --  Report as abuse
Robocop5626 wrote:

“The state wants to tear up our city,” said Kelsey Adams, a lifelong resident of Detroit.” Translation, they won’t give us money to solve our problems, but insist on making changes to our failing system.

Feb 19, 2013 10:56pm EST  --  Report as abuse
Eric93 wrote:

Looks like “Mo’Town” is soon to be “no mo’ town”, like no more ‘freebies’ for the mult-culti whiners. It’s sign of things to come. Reality strikes.

Feb 21, 2013 12:12pm EST  --  Report as abuse
hkrieger wrote:

Detroit, then and now:

Feb 21, 2013 12:48pm EST  --  Report as abuse
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