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Saturday, June 15, 2013

Detroit Defaults

The result of decades of total Democrat control. 
A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them.

Fun facts about Detroit:
  • 20 percent of Detroit is on food stamps.
  • It's violent crime rate is 5 times the national average and it’s rated as America’s Most Dangerous City.
  • 40% of Detroit residents want to leave the city.
  • Home prices have fallen 54 percent in the last 3 years.
  • Detroit has the highest poverty rate in the nation.
  • Detroit voted for  Obama by 98 percent, because when you’re already living in a hellhole, your prime motivation is to drag the rest of the country in with you.
  • The 40 percent of Detroiters who want to leave have drawn no conclusions about the causes of all their problems.
Not enough fun facts?
  • 50 years ago, Detroit's population was more than two million.
  • 700,000 are left
  • The number of people who left Detroit in the last decade is nearly twice those who left New Orleans after Hurricane Katrina.
  • Detroit’s public schools are among the worst in the nation in spite of spending nearly $16,000 per pupil, 60 percent more than Georgia spends.
  • Detroit school graduation rate is 32%.
  • Test scores are so bad the superintendent of the city’s schools once said they were no better than if the students had simply guessed at the answers.
  • Detroit’s per capita tax burden is several times the average for the Michigan cities.
  • Kwame Kilpatrick, Detroit's last mayor was convicted of 24 federal crimes, including racketeering, extortion and bribery and is going to jail for up to 30 years.
  • Detroit is so Democrat that it's mayoral elections have two Democrats running against each other.
  • As an interesting sidelight, Kwame Kilpatrick was one of the Mayors Against Guns crowd started by Michael Bloomberg.
Finally, serious consideration is given to razing Detroit and turning it into farmland.

1 comment:

Anonymous said...

The problem is if Detroit completely dissolves, its denizens will move and bring their criminality and welfare-extorting voting patterns to other jurisdictions. Bad as Detroit is, it's probably best to keep it afloat if only to save other communities from its refugees.