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For Detroit, a Crisis
Born of Bad Decisions
and Crossed Fingers

New York Times, by Monica Davey and Mary Williams Walsh

Original Article

Posted By:jackson, 3/12/2013 9:02:50 AM

DETROIT — This city was already sinking under hundreds of millions of dollars in bills that it could not pay when a municipal auditor brought in a veteran financial consultant to dig through the books. A seasoned turnaround man and former actuary with Ford Motor Co., he was stunned by what he found: an additional $7.2 billion in retiree health costs that had never been reported, or even tallied up. “The city must take some drastic steps,” the consultant, John Boyle, warned the City Council in delivering his report at a public meeting in 2005.

Comments:
Shock ending... in the Times!! “Detroit is a microcosm of what’s going on in America, except America can still print money and borrow,” Mr. Boyle said.

  

Post Reply  

Reply 1 - Posted by: Sanspeur, 3/12/2013 9:15:37 AM     (No. 9220720)

Democrats .. The word unwritten... Plus greedy , thuggy unions .. What could go wrong?


Reply 2 - Posted by: reilly, 3/12/2013 9:16:04 AM     (No. 9220721)


And stupid liberals and the gullible voters that elect them.


   

 

  


 
Reply 3 - Posted by: Whamdbambam, 3/12/2013 9:19:24 AM     (No. 9220730)

Reality-based headline:

"For Detroit, a Crisis Born of Criminal Malfeasance and Affirmative Action."


Reply 4 - Posted by: Michaelus, 3/12/2013 9:20:35 AM     (No. 9220732)

Yeah - Detroit declined because of the decline in manufacturing jobs and the current deficit is due to the Bush tax cuts, there always were millions of abortions in the US, Lincoln was gay and Jesus was eaten by wild dogs. Keep on pumping out the lies guys....

Detroit was a great American city until it was burnt down in 1967 by leftist thugs inspired by people like Stokely Carmichael, Malcolm X and Martin King. This fact is as plain as day to anyone who visits, reads or even looks at Google Earth.


Reply 5 - Posted by: Avogadra, 3/12/2013 9:40:30 AM     (No. 9220764)

#3 is correct. We were in Detroit during the reign of Coleman Young. Any crime committed by a person of color was not a crime to be prosecuted, especially if that person was in government.

People couldn´t go into their own backyards at night (too dangerous). Lumber and pieces of tire tread littered the freeways. If you lived or worked in the city, you got to pay, not just the Michigan state income tax, but a Detroit city income tax as well.

Yeah. Nobody could have foreseen what Detroit has become today.


Reply 6 - Posted by: FunOne, 3/12/2013 9:48:55 AM     (No. 9220778)

Crossing fingers for good luck--(similar to "Hope and Change"), seems to be a basic management strategy for elected black democrats. But, "bad luck" seems to follow the good citizens that make this choice in leadership.

Detroit has had a democrat mayor for over half a century, and a black mayor for the past four decades.

Look at the decay in the USA in the past four years.


Reply 7 - Posted by: djcdjc, 3/12/2013 10:04:40 AM     (No. 9220801)

Once you go bleak......


   

 

  


 
Reply 8 - Posted by: NorthernDog, 3/12/2013 10:14:07 AM     (No. 9220826)

FTA: You keep borrowing where every piece of collateral is already leveraged. You have no bonding capacity — you’re at junk status. You’re overestimating revenues and not managing the resources.

Same thing Obama is doing to the whole country.


Reply 9 - Posted by: Redneck In NY, 3/12/2013 10:18:49 AM     (No. 9220842)

#3 and #4 pretty much summed it up...


Reply 10 - Posted by: djs, 3/12/2013 10:27:42 AM     (No. 9220877)

FWIW, Malcolm X was murdered in 1965.


Reply 11 - Posted by: krause, 3/12/2013 10:30:18 AM     (No. 9220881)

And the thing is...if you had a quality white guy who could come in and turn the city around (a Romney type), or a crooked black guy, the folks, including the city council, would still vote for the crooked black guy...even today.


Reply 12 - Posted by: RedWhiteBlue, 3/12/2013 10:42:25 AM     (No. 9220904)

And also back in the 60´s the govnment relocated blacks living in Detroit to the outer skirts of the city and turned homes into government housing wreaking havoc on the neighborhoods and decaying larger areas. People that lived in those homes did not have the money or inclination to maintain their houses and the government didn´t do it for them and the neighborhoods decayed to disrepair. I saw this in my own block. Soon our homes were worthless and abandonment started ... And keeps going. There´s the government getting involved in things they have no business getting involved in. They helped out the newly relocated people but they sure didn´t help US after the mess they created!!!!!


   

 



 
Reply 13 - Posted by: Salt5792, 3/12/2013 10:47:12 AM     (No. 9220913)

Detroit was destroyed by unions, taxes, diversity and Democrats.


Reply 14 - Posted by: harper, 3/12/2013 11:41:34 AM     (No. 9221007)

It´s all just bad luck, just like in Africa and Haiti.


Reply 15 - Posted by: JonR, 3/12/2013 12:00:36 PM     (No. 9221047)

Blacks are the most irresponsible ethnic group in this country and nobody wants to deal with that fact! Democrats are the most corrupt political group in this country and nobody wants deal with that fact either! As a result Detroit.


Reply 16 - Posted by: suziesuburbanite, 3/12/2013 1:04:42 PM     (No. 9221158)

At least they admitted taht Bing was a demo but omitted that demos have ruled Detroit since 1961


Reply 17 - Posted by: BreakRight, 3/12/2013 2:15:18 PM     (No. 9221254)

I lived smack on the edge of Detroit, in a suburb, through the 70´s. What in the world was I thinking?!! The neighbor beside me, and the neighbor across the street were both burgled twice, and one was mugged inside his own garage. I was lucky. Another neighbor had his entire house cleaned out by burglars impersonating movers, who chatted amiably (while they "worked") with cops who were parked across the street watching for cars running a stop sign.

I had friends living in Detroit who formed armed vigilante patrol groups to protect their neighborhoods, because police didn´t respond to calls. On coming home from work, they circled the block in their car to inspect their property for signs of intruders before opening the garage door with a remote and driving into the garage; they didn´t dare even get out of their locked car until the garage door was closed and they were certain no one slipped in behind them. They ended up taking huge losses on their homes and moving out.

My own home, which I sold in 1980 when I moved out of Michigan, is valued at maybe 50% more today than it was back then, assuming you could find a buyer. Meanwhile, my current home is worth triple what I paid in 1985, despite losing a large chunk of its value in the housing bubble collapse.

So glad I left Detroit, I can´t imagine what it must be like today.


   

 

  


 
Reply 18 - Posted by: mickturn, 3/12/2013 3:21:12 PM     (No. 9221391)

I´m SHOCKED I tell ya, simply stunned and shocked!

Now down to business.

ALL of you that are retired, sorry you´re all cut off. Now we´re down to $12B...

Unions, Outlawed, pensions shut off totally...sorry...down to $8B

and so on.

Now tha Detroit is a shell, we will hire buldozers to take out the city and shut it totally down.

Nice Job Libs, you just trashed what used to be a magnificent city!

On to San Francisco...this is fun!


Reply 19 - Posted by: Japanorama, 3/13/2013 3:06:21 AM     (No. 9222072)

Democrat decisions.
The sad thing is that those same losers will metastasize to well-run cities, where they will repeat the same mistakes.



Post Reply   Close thread 726801




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