Since you can't hit your own mouth with those beer suds, exactly what do you know about what got Detroit in that problem?
First of all Snyder, who is a Republican, says this problem is not new; that it's been coming for several decades. Detroit has also been under Republican mayors during that time, and they borrowed as well.
Secondly, Detroit was promised by a Republican governor, namely John Engler, that if Detroit would cease collecting a particular tax the state would reimburse those revenues. Funny thing how politicians forget their promises before the sun rises.
Third, Michigan has several cities under an Emergency Financial Manager, since the governors continue to cut revenue sharing with the cities. Money that rightfully belongs to the cities.
I suspect you don't know shit about shinola.
Detroit was americas 4th largest city in 1950. 1.8 million people.
In 2010 the city had less than 700,000. A 60% decline in 60 years. Gerrymandering districts in order to create artificial "black" majorities which will only elect "black" candidates who in turn fill city jobs with more negroes who are historically proven to be anti white. City services begin to decline due to corruption and incompetency, forcing the city govt. to raise taxes to cover shortfalls...this drives even more homeowners/workers/businesses/taxpayers away...
Whites (taxpayers) abandon the city and move to the suburbs where it's safer, cleaner and taxes are better used to maintain the infrastructure. 50 years of "black" "leadership" (like Kwame Kilpatrick) leaves a black run city that is completely corrupt and dysfunctional.
Detroit has the highest unemployment in the nation.
So combine fewer people with high unemployment and the city is left with a declining tax base and an increase in crime and abandoned buildings/homes/businesses.
Detroit has $18 billion – yes, billion — in general-obligation debt.
That’s a lot more than some of the other high-profile municipal bankruptcy cases in recent years. When
Central Falls, R.I., declared bankruptcy in 2011, it had only about $80 million in debt.
Jefferson County, Ala., had about $4 billion in debt when it declared Chapter 9 bankruptcy that same year.
“
Detroit has been working its way to a level of insolvency for decades. We cannot continue to carry this level of debt,” Kevyn Orr, the city’s state-appointed emergency manager, tweeted on Thursday.
Detroit has about $3 billion in unfunded pension liabilities.
Why is the city buried in pension costs? Because it has too many public workers.
Though Detroit’s population has caved in the past several decades, the public sector just keeps on growing.
In 2011, the city had more than 12,000 employees — more than any other comparably-sized city in the country, according to an analysis from The Detroit News.
That works out to one public employee for every 55 residents of the city...and 99.9% of them are "black". An artificial "middle class" of negro "city workers" (unionized government employees) who are parasites on the dying corpse of detroit.
watchdog.org