Detroit becomes largest US city to file for bankruptcy

Thrugelmir

The other side of the USA recovery. That no one cares to mention.

The US city of Detroit in Michigan has become the largest American city ever to file for bankruptcy, with debts of at least $15bn (£10bn).

http://www.bbc.co.uk/news/world-us-canada-23369573

TruckerT

Thrugelmir wrote: »

The other side of the USA recovery. That no one cares to mention.

Yeah, rite, you simply take your pick about which statistical certainty you choose to believe.

TruckerT

ManAtHome

Only $15bn - if they change their name to Bank of Detroit Benny'll knock that out in a day or two.

HAMISH_MCTAVISH

Ain't declining population grand?

Houses for a tenner, crumbling infrastructure, bankrupt cities, failing services, shocking crime rates because of cuts to police and even street lamp bulbs can't be afforded....

dryhat

HAMISH_MCTAVISH wrote: »

Ain't declining population grand?

Houses for a tenner, crumbling infrastructure, bankrupt cities, failing services, shocking crime rates because of cuts to police and even street lamp bulbs can't be afforded....

And yet the giant local employers get 100s of billions of dollars in bailouts.

Supply and F*cking demand eh?

You silly boy.

TruckerT

HAMISH_MCTAVISH wrote: »

Ain't declining population grand?

Yet another statistic hits the streets.

TruckerT

CLAPTON

It would certainly seem reasonable that if a city could no longer provide jobs for it's citizens than they would have the sense to move elsewhere.


Sadly in the UK this wouldn't happen:
they would all expect income and housing to be provided for nothing and to spend their time on petty crime and doing drugs and other unpleasant things.



USA people 10; UK people 0

TruckerT

CLAPTON wrote: »

It would certainly seem reasonable that if a city could no longer provide jobs for it's citizens than they would have the sense to move elsewhere.


Sadly in the UK this wouldn't happen:
they would all expect income and housing to be provided for nothing and to spend their time on petty crime and doing drugs and other unpleasant things.



USA people 10; UK people 0

I think you are slightly behind the times - the new benefit cap, and the recent bedroom subsidy, are both specifically intended to force people to move home.

TruckerT

CLAPTON

TruckerT wrote: »

I think you are slightly behind the times - the new benefit cap, and the recent bedroom subsidy, are both specifically intended to force people to move home.

TruckerT

Maybe reread my post.


The benefits cap has nothing to do with living in a failing city.

And indeed the 'bedroom tax' has nothing to do with where you live either.

TruckerT

CLAPTON wrote: »

Maybe reread my post.


The benefits cap has nothing to do with living in a failing city.

And indeed the 'bedroom tax' has nothing to do with where you live either.

The idea that whole populations should be expected to up-sticks and move to another American state was definitely part of the 1930s experience.

TruckerT

CLAPTON

TruckerT wrote: »

The idea that whole populations should be expected to up-sticks and move to another American state was definitely part of the 1930s experience.

TruckerT

Maybe learn a little history:
although you have previously shown some distain for any knowledge.


People started moving out of Africa about 60,000 years ago to seek a better live.

They have moved ever since.

Maybe reflect on how USA was populated: or the Welsh valleys or Manchester or indeed any area of the world.