June 23, 2014 at 2:19 am #17138
As we all know Detroit is out of money, and things are so bad the city is turning off water supplies to the poor. With fewer and fewer paying customers it won’t take long before no one will be able afford water in Detroit. Here is a large industrial city in the US that is approaching their SHTF breaking point.June 23, 2014 at 3:25 pm #17158
Detroit is a slow dieing city. The problem with Detroit is/was the unions. There is no way they will be able to pay what the unions want. The pensions are out of control.June 23, 2014 at 5:13 pm #17160
freedom, the unions certainly are a big part of Detroit’s downfall, but there was more than just a bit of corruption and plain old incompetence in play too. A very large piece of the puzzle that is politically incorrect to talk about is the culture of the urban poor that served to chase away middle and upper class residents, and probably more than a few businesses who left with those middle and upper class citizens.June 23, 2014 at 7:33 pm #17169
I agree with mountainbiker. What you are witnessing is a socialist city… this is how all socialism ends.June 23, 2014 at 8:10 pm #17171
I sometimes do not understand why they think that a system like Socialism or Communism can work. I promotes people to live off the government and not work and the ones that have a union job can’t be fired if they do not work. Businesses run from this. 10 years ago I did some business in France bring to the U. S. Limoges porcelain.
I got an order from the U. S. for 200 porcelain pieces of the same ones. I went to Limoges France to place my order and the owner told me sorry but I can’t make them for you in 6 weeks, this will take 12 months. I said WHAT! He got me by the arm and had me go to his office, there he said if I hire more employes I will not be able to fire them after I complete your order so I can’t hire anyone.
Then he tells me that every time he hires anyone there is a 4 week time period were he is able to fire someone. But he says that every time he has hired someone the first four weeks they work great and after that they just sit around and do just a small amount of work. So he can’t grow his business even if he gets more orders. That is Socialism.June 23, 2014 at 8:49 pm #17172
What we are seeing are the cumulative affects of everyone’s comments. The reasons are many, however giving money to the poor as a humanitarian act by politician’s was really just a methodology to control them and remain in power. The politicians never tnought they would run out of tax payer money, but they have. The working class tax payers all moved to more economicaly sound areas. Now the city is broke and the population thinks it is entitled to other peoples money.June 24, 2014 at 2:02 am #17186
74, Greece is a prime example of your comments. Politicians kept creating jobs to keep the people happy. Greece kept borrowing money to pay those workers and also to pay the debt already incurred.
Anyone know the debt to Gross Domestic Product of the US?
RobinJune 24, 2014 at 2:10 am #17188June 24, 2014 at 2:20 am #17189
Thanks, I think. 113% with over $19 trillion dollars in debt!
The Emperor has no clothes!
RobinJune 25, 2014 at 4:06 am #17234
Sliding into oblivion. This is so IRS at the moment. These people couldn’t give a straight answer if their lives depended on it.
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