Saturday, July 20, 2013

Detroit

The sad fall of a once great city can blame no one but itself.  For the last several years, it has spent $100 million more per year than it brought in.  The city has a long term debt of $14 billion.  All the projects meant to reinvigorate the city instead left it further in debt without spurring the economy.  The city is now in bankruptcy (there is some dispute on that).  One lesson is that the city could not spend its way out of an economic downturn.  Perhaps this could be noted by other politicians.

Of greater note, Detroit is rated as the most liberal big city in the United States.  It's last Republican mayor left office in 1961, when the population was 1.6 million.  Today, 52 years of Democratic rule, the population is 710 thousand, crime is the worst in the nation, the economy has collapsed, 40% of the street lights don't work, the city can't afford to demolish condemned buildings, and it takes nearly an hour for the police to respond to a call vs. the 11 minute national average.  There should be another lesson in this: Democratic policies lead to bankruptcy and ruin.  We are on the same path as Detroit on a national level.  This is where it leads.

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