Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
- 2,040
this is what the left/progressive/Democrats thinks of you people in the country
Unbelievable. so it's OUR FAULT. and not just everyone but (white people) for not staying in a dying city with high crime, high taxes, etc while their government gives to unions and government employees so they can live the high life off the people who lived there.
SNIP:
Robert B. Reich 6:28 a.m. EDT September 16, 2014
26 TWEETLINKEDIN 15 COMMENTEMAILMORE
Detroit is the largest city ever to seek bankruptcy protection, so its bankruptcy is seen as a potential model for other American cities now teetering on the edge.
But Detroit is really a model for how wealthier and whiter Americans escape the costs of public goods they would otherwise share with poorer and darker Americans.
Judge Steven Rhodes of the U.S. Bankruptcy Court for the Eastern District of Michigan is now weighing Detroit's plan to shed $7 billion of its debts and restore some $1.5 billion of city services by requiring various groups of creditors to make sacrifices.
Oakland County is the fourth wealthiest county in the United States among counties with a million or more residents.
In fact, metro Detroit, including its suburbs, ranks among the top financial centers, top four centers of high technology employment, and second largest source of engineering and architectural talent in America.
The median household in the county earned more than $65,000 last year. The median household in Birmingham earned more than $94,000. In Bloomfield Hills, the median was close to $105,000.
Detroit's upscale suburbs also have excellent schools, rapid-response security and resplendent parks.
Forty years ago, Detroit had a mixture of wealthy, middle class and poor. But then its middle class and white residents began fleeing to the suburbs. Between 2000 and 2010, the city lost a quarter of its population.
By the time it declared bankruptcy, Detroit was almost entirely poor. Its median household income was $26,000. More than half of its children were impoverished.
That left it with depressed property values, abandoned neighborhoods, empty buildings and dilapidated schools. Forty percent of its streetlights don't work. Many of its parks closed within the last five years.
Earlier this year, monthly water bills in Detroit were running 50% higher than the national average, and officials began shutting off the water to 150,000 households who couldn't pay the bills.
all of it here WITH COMMENTS over this disgusting little mans accusations:
Robert B. Reich The bankruptcy of Detroit and the division of America
Unbelievable. so it's OUR FAULT. and not just everyone but (white people) for not staying in a dying city with high crime, high taxes, etc while their government gives to unions and government employees so they can live the high life off the people who lived there.
SNIP:
Robert B. Reich 6:28 a.m. EDT September 16, 2014
26 TWEETLINKEDIN 15 COMMENTEMAILMORE
Detroit is the largest city ever to seek bankruptcy protection, so its bankruptcy is seen as a potential model for other American cities now teetering on the edge.
But Detroit is really a model for how wealthier and whiter Americans escape the costs of public goods they would otherwise share with poorer and darker Americans.
Judge Steven Rhodes of the U.S. Bankruptcy Court for the Eastern District of Michigan is now weighing Detroit's plan to shed $7 billion of its debts and restore some $1.5 billion of city services by requiring various groups of creditors to make sacrifices.
No one knows whether Rhodes will accept or reject the plan. But one thing is for certain: A very large and prosperous group close by won't sacrifice a cent -- the mostly white citizens of neighboring Oakland County.
Oakland County is the fourth wealthiest county in the United States among counties with a million or more residents.
In fact, metro Detroit, including its suburbs, ranks among the top financial centers, top four centers of high technology employment, and second largest source of engineering and architectural talent in America.
The median household in the county earned more than $65,000 last year. The median household in Birmingham earned more than $94,000. In Bloomfield Hills, the median was close to $105,000.
Detroit's upscale suburbs also have excellent schools, rapid-response security and resplendent parks.
Forty years ago, Detroit had a mixture of wealthy, middle class and poor. But then its middle class and white residents began fleeing to the suburbs. Between 2000 and 2010, the city lost a quarter of its population.
By the time it declared bankruptcy, Detroit was almost entirely poor. Its median household income was $26,000. More than half of its children were impoverished.
That left it with depressed property values, abandoned neighborhoods, empty buildings and dilapidated schools. Forty percent of its streetlights don't work. Many of its parks closed within the last five years.
Earlier this year, monthly water bills in Detroit were running 50% higher than the national average, and officials began shutting off the water to 150,000 households who couldn't pay the bills.
all of it here WITH COMMENTS over this disgusting little mans accusations:
Robert B. Reich The bankruptcy of Detroit and the division of America
