Detroit. Broke. El busto.
Once the 4th largest city in the US, 50 years of liberal Democratic (C) one-party control have fundamentally transformed the nation's premier industrial city into the poster child for urban decline, population loss, a crippled tax-base, and a free-fire zone that is more dangerous than the Balkans ever used to be...in other words, the culmination of a socialist utopia that has finally run out of other people's money.
Chapter 9 bankruptcy has been filed. Did I forget to mention this is THE largest municipal bankruptcy in US history? Well, so far anyway....
Rhodesia. South Africa. Detroit. There is a 'pattern' here.
Thursday, 18 July 2013
CHANGE you can BELIEVE in!.......................from Rico
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