Detroit Is Halting Garbage Pickup, Police Patrols In 20% Of City: Expect Bankruptcy In 2011
Mike “Mish” Shedlock, Global Economic Trend Analysis
Dec. 13, 2010
Detroit has been bankrupt for years. It simply refuses to admit it. Detroit’s schools are bankrupt as well. A mere 25% of students graduate from high school.
Yet, in spite of hints and threats from mayors and budget commissions, and in spite of common sense talk of bankruptcy, Detroit has not pulled the bankruptcy trigger.
In a futile attempt to stave off the inevitable one last time, Mayor Bing’s latest plan is to cutoff city services including road repairs, police patrols, street lights, and garbage collection in 20% of Detroit.
Bing to Cede 20% of Detroit to Gangs and Homeless
City officials suggest this will not shrink the size of the city. Perhaps it won’t shrink Detroit on Google Maps. However, Bing’s plan would effectively surrender 20% of the city to gangs and the homeless.