Detroit declares bankruptcy

A few depressing facts and thoughts about Detroit from the city's June 2013 proposal for creditors.

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  1. The city dealt with its shrinking tax base the way many of them do -- it squeezed the stone for more water.
  2. Just one small example of how money is wasted through overstaffing in city agencies.
  3. Naturally, city services suffer under these conditions before pensioners get stiffed. That's been happening in Detroit for years.
  4. The Detroit News found 77 blocks in the city with only one property owner who had bothered to pay taxes. Because when you're not getting anything in return....
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