- Detroit Defies President; Declares BankruptcyDetroit Defies President; Declares Bankruptcy. 6:02 PM, Jul 18, 2013 • By GEOFFREY NORMAN. Send to Kindle. Widget tooltip. Single Page Pr...
- David Freddoso explains why Detroit failed:
- At least Detroit didn't have to file bankruptcy for health reasons! #obamacareisworking
http://twitter.com/freddoso/status/357958614989803520
— David Freddoso (@freddoso)Thu, Jul 18 2013 20:22:39 - DETROIT MAYOR, EMERGENCY MANAGER TO HOLD NEWS CONFERENCE 6:15PM
http://twitter.com/zerohedge/status/357973987097190401
— zerohedge (@zerohedge)Thu, Jul 18 2013 21:23:44 - Many reasons for Detroit's decline, I'm sure, but local govt did its best to hasten it: pic.twitter.com/BEUfVLdUZFdUZF
http://twitter.com/freddoso/status/357976691991277568
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:34:29 - In the face of declining population, Detroit jacked up every available tax to the state statutory limit.
http://twitter.com/freddoso/status/357977800197681152
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:38:53 - It costs Detroit $62 in admin costs for every paycheck if cuts. That's 3.5x the average for govt, 4x the avg employer.
http://twitter.com/freddoso/status/357978529289347073
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:41:46 - "149 full-time employees are involved in payroll process, 51 are uniformed officers (i.e., high-cost personnel performing clerical duties)"
http://twitter.com/freddoso/status/357978793010405376
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:42:49 - "Average cost to demolish a residential structure is approximately $8,500" #detroit
http://twitter.com/freddoso/status/357979766319624194
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:46:41 - "There are approximately 78,000 vacant structures in the City. Approximately 38,000 structures are considered dangerous"
http://twitter.com/freddoso/status/357980136030736384
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:48:10 - If you tore down only the 38,000 structures in Detroit considered "dangerous," it would cost about $350 million.
http://twitter.com/freddoso/status/357980566626373634
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:49:52 - There are also 66,000 vacant and blighted lots in Detroit.
http://twitter.com/freddoso/status/357981068038643713
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:51:52 Vanishing City: The Story Behind Detroit's Shocking Population ...
Mar 24, 2011 ... The news this week that Detroit's population plunged more than 25% to just 714000 in the last decade shouldn't...- Detroit has 70 Superfund sites.
http://twitter.com/freddoso/status/357981751588556800
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:54:35 - In 2008-09, Detroit shut down 210 of its 317 parks. Plans now to shut down 50 more, and make 38 part-time maintenance.
http://twitter.com/freddoso/status/357982141616893952
— David Freddoso (@freddoso)Thu, Jul 18 2013 21:56:08
