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Public Services to Close Down in Detroit
Posted By kurtnimmo On December 13, 2010 @ 1:20 pm In Old Infowars Posts Style,U.S. News | Comments Disabled
Mish’s Global Economic Trend Analysis
December 13, 2010
Detroit has been bankrupt for years. It simply refuses to admit it. Detroit’s schools are bankrupt as well. A mere 25% of students graduate from high school.
Yet, in spite of hints and threats from mayors and budget commissions, and in spite of common sense talk of bankruptcy, Detroit has not pulled the bankruptcy trigger.
In a futile attempt to stave off the inevitable one last time, Mayor Bing’s latest plan is to cutoff city services including road repairs, police patrols, street lights, and garbage collection in 20% of Detroit.
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