Why is Detroit broke? A study in failed leadership

[JustRalph]

Detroit Free Press report

http://www.freep.com/article/20130915/NEWS01/130801004/Detroit-Bankruptcy-history-1950-debt-pension-revenue

Great graphic on the page

[Jay Trotter]

Based on that chart the white guys got it going in the wrong direction and the black guys couldn't fix it! :lol:

[LottaKash]

Based on that chart the white guys got it going in the wrong direction and the black guys couldn't fix it! :lol:

I believe it is more a case of: Greed, Nepotism, Incompetence, and Ignorance, comes in many shades & colors.....

My biggest fear is that most of the other jurisdictions, be it city, county, state or federal, are just not getting this message....

excerpt:
“That was the whole culture — how do we get what we want and not pay for it until tomorrow and tomorrow and tomorrow?”

[Steve 'StatMan']

I'm getting a kick at how close the threads "Why Detroit Is Broke?" and "Labor unions made it possible" are so close together on the page!