Quote:
|
Originally Posted by demonrail666
I agree with Suchfriends. I'm actually amazed that people are trying to blame local government for Detroit's downfall. If anything, its local government is burdened with having to do too much with far too few resources. The city itself needs to downsize to ensure that its local services can focus on a more manageable metropolitan area, rather than having to deal with its sprawling suburbs, too. Detroit grew as its industrial strength grew but will now have to shrink in accordance with its new reality. That's not an issue of big government but a massively overstretched one.
|
I guess it all depends on how you say it.
There is NO DOUBT Detroit did too much and spent more than their budget allowed. Detroit blew way past it's resources and now has nothing left to fall back on.
When you continue to borrow with no source of revenue to cover payments, bankruptcy is inevitable.