Its so cold in the D

[Tiddlywinks]

Unemployment = no income.
No income = no taxs/people leave.
People leave = less possible taxs to collect.
Less taxes = less services.
Less services = people leave.


Meanwhile the city still had pensions and other obligations it owes from when there WERE a lot of people there.

Lots of obligations + mismanaged money + low taxes = bankruptcy.

It's a vicious cycle, and Detroit will not be the last to go through it. The entire country needs a good rightsizing at some point.