6 votes

The Epitome of the "Progressive State", Detroit, files for Bankruptcy!

Detroit filed for the largest municipal bankruptcy in U.S. history Thursday after steep population and tax base declines sent it tumbling toward insolvency.

The filing by a state-appointed emergency manager means that if the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment.

Read more: http://www.foxnews.com/politics/2013/07/18/detroit-files-for...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

This could be good for the people

of Detroit. If the city is unable to provide "public" services, private companies can expand into the area to make profits. This could lead the way for Detroit to become one of the first privately operated cities competing to provide better services. Now is a GREAT time to buy property in Detroit if you are looking for a long term investment. I just wish more companies would see it that way. Michiganders should petition the state to relax regulations and help grow their private sector.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty."

Click Here To See The Candidates On The Record

Utter Destruction

The Progressive Communists have destroyed this once great nation.

Banksters not happy. Zionist

Banksters not happy. Zionist CNN's Wolf Blitzer giving Governor Rick Snyder a hard time in interview.