This is a concise summary of what went wrong in Detroit. In short, they overspent.
Detroit did not collapse overnight. It was a free fall that took decades to hit the ground. But hit the ground she did. Bankruptcy surprised not one person, not even the habitual practitioners of self-delusion.
America is on a Detroit trajectory. Everyone knows it but not everyone acknowledges it. Facts suck.
FIFTY YEARS OF RUINATION DESCRIBED IN 13:57
No comments:
Post a Comment