Richard M. Langworth

Detroit, 2013— A cor­re­spon­dent sends “25 Facts about the Fall of Detroit That Will Leave You Shak­ing Your Head,” by Michael Sny­der of the Eco­nom­ic Col­lapse Blog:

Once upon a time, the city of Detroit was a teem­ing metrop­o­lis of 1.8 mil­lion peo­ple and it had the high­est per capi­ta income in the Unit­ed States.  Now it is a rot­ting, decay­ing hell­hole of about 700,000 peo­ple that the rest of the world makes jokes about.

When in July 2013 Detroit announced that it would  file for Chap­ter 9 bank­rupt­cy, the move was stopped at least tem­porar­i­ly by an Ing­ham Coun­ty judge:

She ruled that Detroit’s bank­rupt­cy fil­ing vio­lates the Michi­gan Con­sti­tu­tion because it would result in reduced pen­sion pay­ments for retired work­ers [and that] bank­rupt­cy fil­ing was “also not hon­or­ing the pres­i­dent, who took [Detroit’s auto com­pa­nies] out of bankruptcy”….How…

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