Categorized | Banksters

Detroit bankruptcy – harbinger for other cities


Long time Detroit journalist and auther Charlie LeDuff says laugh at Detroit at your own risk because your city may be next. His op-ed on the Detroit bankruptcy is evocative and powerful. Read the whole thing.

The promise of a good life for a good day’s work is gone. Detroit is bankrupt. The factories are overseas. There are no more paychecks to wallpaper over the maggots. Only lawyers will get paid. Detroit has hit its nadir.

We are a spectacle. The national media is here. Not because they care about us. And not to cull material for late night comedians. They are here because their towns may be next.

Greed, sloth, ineptitude. It’s the American way. Laugh at Detroit and you’re laughing at yourself

Morris Consulting


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