Detroit filed for bankruptcy yesterday, representing the largest municipal insolvency in American history.
Socialism improves its perfect record to zero-for-840. Or, as Dave Blount puts it, Detroit just ran out of other people's money.
Hat tip: BadBlue News.
Deborah.... Detroit proves the saying, "Stuck on stupid". Sadly, it may be Philadelphia that goes next.
ReplyDeleteThe maker of this is dumb. Detroid, that we have today, has been vandalised not by the government but by the big private capitalist companies, who made small business bankrupt which resulted in whole communities to die
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