Stephen Henderson Finally Gets It Right (On Detroit's Situation) (Coleman: 2013, credit)

[313Weather]

A broken clock is right twice a day...

http://www.freep.com/article/20130609/COL33/306090055/Detroit-Kevyn-Orr-bankruptcy-DIA-creditors

...In other words, the events that will take shape to recast Detroit’s financial fortunes were set in motion long ago.

This is what happens when you systematically disinvest from a region’s core city over half a century, while the suburbs grow and regional leaders cheer the economic and social divide that opens up and swallows the area’s vitality.

This is what happens when those left behind in the city borrow 33 times what the whole place is worth, and continue to make promises — to employees and residents — that are the most irresponsible form of economic fantasy.

And this is what happens when the bill for all that irrationality comes due...

[Arthur Digby Sellers]

You can thank Coleman Young for the disinvestment in the city and growth of the suburbs. Henderson conveniently left that part out.

[RottenChester]

“The problem with socialism is that you eventually run out of other people's money.” -Margaret Thatcher