Detroit, the first domino?

posted at 6:41 pm on July 22, 2013 by Erika Johnsen

Almost immediately after they learned that Detroit would be officially filing for bankruptcy last week, some of the city’s various pension funds lost no time in filing suit against both the city’s emergency manager Kevin Orr as well as Michigan Gov. Rick Synder. Shortly thereafter, a Michigan judge tried to halt the proceedings, not merely because a municipal bankruptcy would fail to ‘honor the president,’ or something, but because the Synder administration was clearly trying to pull a run-around on the concerned pension funds — since Detroit’s utter brokeness was such a secret, and everything. A federal judge, however, has already set the first hearing in Detroit’s bankruptcy case for this Wednesday, via Reuters:

A federal court judge has set the first hearing in Detroit’s bankruptcy case for Wednesday to take up the city emergency manager’s request to put state lawsuits challenging the bankruptcy filing on hold.

U.S. Bankruptcy Court Judge Steven Rhodes agreed on Monday to the expedited hearing requested by emergency manager Kevyn Orr in response to a Michigan court judge’s order for Orr to withdraw the Chapter 9 bankruptcy filing on state constitutional grounds.

If Orr’s request is granted, top Michigan state officials, Orr and others would also be protected from litigation regarding Thursday’s bankruptcy petition.

Concerned that retirement benefits will be slashed, Detroit retirees, workers and pension funds have been running to state court in Michigan’s capital of Lansing in an effort to derail the biggest Chapter 9 municipal bankruptcy in U.S. history.

The sooner Detroit faces the music, the less remote the city’s chances of actual fiscal recovery, and Orr is reportedly trying to speed things along — but of course, the obligatory voices on the left are calling for the federal government to step in with a bailout and magically wipe their slate clean for them. First of all, I might venture that the federal government is currently running a yearly deficit of more than a trillion dollars, and that American taxpayers don’t have the money to spare for a city that willfully ran itself into the ground for decades. Secondly, as Mayor Dave Bing actually pointed out the other day when professing that, yeah, Detroit would “love” for Washington to bail them out, one of the biggest problems there is the precedent it sets for other cities in urgent need of financial reform. Detroit’s billions of dollars of debt perhaps sound like peanuts compared to the schemes the federal government is running, except that Detroit is hardly the only major city that’s been hovering dangerously close to the fiscal abyss with accumulated deficits and unfunded liabilities, and it could be that other cities are getting ready to follow behind. Says the Detroit Free Press:

From Baltimore to Los Angeles, and many points in between, municipalities are increasingly confronted with how to pay for these massive promises. The Pew Center for the States, in Washington, estimated states’ public pension plans across the U.S. were underfunded by a whopping $1.4 trillion in 2010. …

As examples of the results: Chicago recently saw its credit rating downgraded because of a $19-billion unfunded pension liability that the ratings service Moody’s puts closer to $36 billion. And Los Angeles could be facing a liability of more than $30 billion, by some estimates. …

Early this year, the Pew Center released a survey showing that 61 of the nation’s largest cities — limiting the survey to the largest city in each state and all other cities with more than 500,000 people — had a gap of more than $217 billion in unfunded pension and health care liabilities. While cities had long promised health care, life insurance and other benefits to retirees, “few … started saving to cover the long-term costs,” the report said. …

Last Monday, the bond rating house Moody’s also downgraded Cincinnati’s general obligation bonds, citing “budgetary pressure” from pension contributions. Its downgrade was to Aa2 — still a lot higher than Detroit’s Caa3 for its general obligation bonds — but another part of the trend.

Detroit may have been the biggest city to have filed for municipal bankruptcy, but it certainly wasn’t the first to do so — and it’s unlikely to be the last while major cities refuse to summon the necessary political will to stop piling up unsustainable amounts of debt and accept that it’s time to reform the extravagant pension and benefit systems for which they have no real plans to pay.


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Domino is a racist term, Erika.

Prepare to be a subject on MSNBC.

portlandon on July 22, 2013 at 6:43 PM

It ain’t the first Papa John’s.

Ronnie on July 22, 2013 at 6:45 PM

Domino is a raaaaacist term, Erika.

Prepare to be a subject on MSNBC.

portlandon on July 22, 2013 at 6:43 PM

There’s 5 a’s in ‘raaaaacist’.

Steve Eggleston on July 22, 2013 at 6:46 PM

WTH is Fox News doing with Sally Kohn on Special Report..?
Fox has lost it…

d1carter on July 22, 2013 at 6:46 PM

Gag! Who is this woman on the Fox All Stars?

esr1951 on July 22, 2013 at 6:47 PM

The best the unionistas can honestly hope for is the $2 billion that can be shaken loose and isn’t spoken for by the federal-law-guaranteed secured creditors.

For that little stunt, however, they should get exactly $0.00.

Steve Eggleston on July 22, 2013 at 6:48 PM

d1carter on July 22, 2013 at 6:46 PM

I don’t think I can watch this. Never thought I would say this, but please bring back AB Stoddard.

esr1951 on July 22, 2013 at 6:48 PM

They followed Alinsky…

- descend to chaos
- systematic destruction

Now, for the ‘following Socialist leaders’ part.

faraway on July 22, 2013 at 6:49 PM

How long ago were they warned — ten years? Twenty? Yet, the unions dug in their heels, covered by the politicians they helped to elect. It was a nice cozy little incestuous relationship, but now it comes time to pay like they were warned.

Let it burn. Those pensioners might have to sell their boats and second homes, and get out there and work again.

Welcome them to the reality they created.

Liam on July 22, 2013 at 6:49 PM

When the dominoes start falling it certainly won’t be as entertaining as some of the videos.

Another Drew on July 22, 2013 at 6:50 PM

I about done with Fox News…I thought Dr. K was going to take that smug smirk off Sally Kohn’s face.

d1carter on July 22, 2013 at 6:51 PM

There’s 5 a’s in ‘raaaaacist’.

Steve Eggleston on July 22, 2013 at 6:46 PM

Hah! I’m correcting on Wikipedia right now.

Alinsky on July 22, 2013 at 6:51 PM

WTH is Fox News doing with Sally Kohn on Special Report..?
Fox has lost it…

d1carter on July 22, 2013 at 6:46 PM

Fox would have CNN level ratings if conservatives had any other place to go.

joekenha on July 22, 2013 at 6:52 PM

d1carter on July 22, 2013 at 6:51 PM

She reminds me of Rachel Maddow.

esr1951 on July 22, 2013 at 6:53 PM

The best the unionistas can honestly hope for is the $2 billion that can be shaken loose and isn’t spoken for by the federal-law-guaranteed secured creditors.

For that little stunt, however, they should get exactly $0.00.

Steve Eggleston on July 22, 2013 at 6:48 PM

Are those the same secured creditors from the GM bankruptcy.

RickB on July 22, 2013 at 6:55 PM

Wasn’t she a spokesperson for OWS..?

d1carter on July 22, 2013 at 6:56 PM

Domino is a racist term, Erika.

Prepare to be a subject on MSNBC.

portlandon on July 22, 2013 at 6:43 PM

Isn’t Dominoes headquarters in Detroit.

RickB on July 22, 2013 at 6:56 PM

Concerned that retirement benefits will be slashed, Detroit retirees, workers and pension funds have been running to state court in Michigan’s capital of Lansing in an effort to derail the biggest Chapter 9 municipal bankruptcy in U.S. history.

They are running to the state courts because they did not run to the city council and demand fiduciary responsibility over the last 40 years.

They are the reason Detroit is bankrupt. They know it. They don’t care. They just want what the liberals promised them.

These are the people who know they’ve been lied to for years, now its time to pay the price.

BobMbx on July 22, 2013 at 6:58 PM

Here comes Oakland.

Oil Can on July 22, 2013 at 6:58 PM

25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head

9) An astounding 47 percent of the residents of the city of Detroit are functionally illiterate.

VorDaj on July 22, 2013 at 6:58 PM

Sally Kohn just said on Fox that Detroit was directly related to austerity..? WTH…she never said anything about 60 years of Prog government.

d1carter on July 22, 2013 at 6:58 PM

Shame

Bmore on July 22, 2013 at 6:59 PM

“If obama had a city it w/b Detroit” — Mark Steyn.

However, it’s all proceeding according to his plans.

Wake up America, or go the way of Detroit.

Those moping about your pensions being cut, here’s the smallest violin.

Schadenfreude on July 22, 2013 at 6:59 PM

WTH is Fox News doing with Sally Kohn on Special Report..?
Fox has lost it…

d1carter on July 22, 2013 at 6:46 PM

If I see her sorry arse on Fox again they have lost me forever. What a despicable human being.

trs on July 22, 2013 at 7:00 PM

LIB

davidk on July 22, 2013 at 7:02 PM

If they get through bankruptcy, things will be fine except for the creditors and pensioners. It’s a domino that doesn’t fall on any other dominos. So… not a domino, I guess. Hopefully the other cities will fall too, and be cleared of the debt via bankruptcy, and this time they will realize that upon starting with a clean slate they need to watch their spending. No more employing people just for the sake of giving them a salary. Start thinking about providing services as efficiently as possible, and not providing unessential services. Streamline. And stop buying hydrogen powered buses for 2 million dollars that save three pounds of carbon emissions a day while China is emitting something like a billion and half tons of CO2 a day. A city shouldn’t try to save the world if it can’t save itself.

Govt need to realize that money doesn’t grow on trees. And as far as pensions, they need to create an investment account for that out of current salary. Detroit and other cities passed the buck to the future by obligating themselves to pay without spending any money at the time. So, it looked like employees were getting more, and the city was paying less. Now it’s time to pay the piper. Pay up!

anotherJoe on July 22, 2013 at 7:02 PM

How do you rescue a city where almost half the residents are so stupid they are functionally illiterate? That’s probably a higher percent of functional illiterate than in North Korea. Send all the residents to Mexico and let the illegals from Mexico have it.

VorDaj on July 22, 2013 at 7:03 PM

All of the large cities are in the same shape.Nice places to visit but live in the burbs if at all possible.

docflash on July 22, 2013 at 7:06 PM

If they get through bankruptcy, things will be fine except for the creditors and pensioners. It’s a domino that doesn’t fall on any other dominos. So… not a domino, I guess…

anotherJoe on July 22, 2013 at 7:02 PM

Maybe, the first anvil to fall, followed by many more in other cities?

Fallon on July 22, 2013 at 7:07 PM

“If obama had a city it w/b Detroit” — Mark Steyn.

Schadenfreude on July 22, 2013 at 6:59 PM

If Rubio had a city it would be Ciudad Juarez.

VorDaj on July 22, 2013 at 7:08 PM

If McCain had a city it would be one where everybody wore a white coat.

VorDaj on July 22, 2013 at 7:08 PM

This is what happens when those crafty Republicans sabotage a city run exclusively by Democrats for fifty years. If only they hadn’t been so obstructionist, Detroit would be a model city. Why, Democrat policies would have flowers blooming on every street even in the dead of winter!

Liam on July 22, 2013 at 7:10 PM

..given the FACTS that the majority of voters (an astounding 47 percent of the residents of detroit are deemed functionally illiterate), and the majority of those they elected to run (into the ground) this union-dominated socialist cesspool have been (for decades) BLACK – well, maybe race has been a factor in the total and complete collapse of the city, as some of the lunatic-left have claimed.

TeaPartyNation on July 22, 2013 at 7:12 PM

It’s all Bush’s fault.

Fred 2 on July 22, 2013 at 7:12 PM

the idiot on special report looks like she is related to that maddow chick, fox must be nuts having her on. if she is going to be a regular feature on there, i won’t be watching.

envycat on July 22, 2013 at 7:16 PM

Seattle, Portland and San Francisco are all run by idiot democrat ‘liberals’ and those cities aren’t collapsing. What on earth could be different about them from Detroit? That is such a mystery!

VorDaj on July 22, 2013 at 7:18 PM

Seattle, Portland and San Francisco are all run by idiot democrat ‘liberals’ and those cities aren’t collapsing. What on earth could be different about them from Detroit? That is such a mystery!

VorDaj on July 22, 2013 at 7:18 PM

I would imagine they have the tax base from their ports, for starters. Those can’t be driven out, the way Detroit drove industry from the city.

Liam on July 22, 2013 at 7:20 PM

WTH is Fox News doing with Sally Kohn on Special Report..?
Fox has lost it…

d1carter on July 22, 2013 at 6:46 PM

I think she must have gotten lost on her way to MSDNC. I don’t mind the dissenting opinions but she was strident and only spouted leftist talking points. FNC can do much better than a butch commie.

Happy Nomad on July 22, 2013 at 7:25 PM

BLACK – well, maybe race has been a factor in the total and complete collapse of the city, as some of the lunatic-left have claimed.

TeaPartyNation on July 22, 2013 at 7:12 PM

Race is a factor only in this sense. White flight was followed by the black middle class. All left for better schools and functioning government leaving Detroit with a bunch of entitlement takers and nobody to fund the entitlements. They’ve been spending far more than they’ve collected in tax revenue for over a decade. And now they are inexplicably shocked that they are broke.

Happy Nomad on July 22, 2013 at 7:28 PM

How do you rescue a city where almost half the residents are so stupid they are functionally illiterate? That’s probably a higher percent of functional illiterate than in North Korea. Send all the residents to Mexico and let the illegals from Mexico have it.

VorDaj on July 22, 2013 at 7:03 PM

Canada is much closer. Give Detroit to Dave Drywall.

Del Dolemonte on July 22, 2013 at 7:29 PM

Govt need to realize that money doesn’t grow on trees. And as far as pensions, they need to create an investment account for that out of current salary. Detroit and other cities passed the buck to the future by obligating themselves to pay without spending any money at the time. So, it looked like employees were getting more, and the city was paying less. Now it’s time to pay the piper. Pay up!

anotherJoe on July 22, 2013 at 7:02 PM

Reminds me of the national politicians every time talk of Social Security reform comes up. All of these weasels are perfectly content to kick the can decades down the road to avoid what they all know is going to be an implosion of epic proportions, whether it’s Social Security or city pension plans. But they all figure — every last one of them — that they will be safely retired (or dead) or otherwise out of the way; they and their families will be protected and thus, it’s not their problem. They got theirs, after all.

I seriously doubt there’s a cure for that kind of utter selfishness.

PatriotGal2257 on July 22, 2013 at 7:29 PM

9) An astounding 47 percent of the residents of the city of Detroit are functionally illiterate.

VorDaj on July 22, 2013 at 6:58 PM

Which is still higher than the collective OWS camps or the staff of MSNBC.

Bishop on July 22, 2013 at 7:30 PM

The events in Detroit during the last 50 years are exactly what one would expect in an environment where the majority is dependent on government. They continue to vote themselves more and more benefits, far beyond the non-dependent’s ability to pay.

In Detroit’s case, the parasite has killed the host.

jaime on July 22, 2013 at 7:32 PM

Happy Nomad on July 22, 2013 at 7:28 PM

Her smug smirk when others were talking was not very helpful either…heh.

d1carter on July 22, 2013 at 7:32 PM

Detroit should be Americas wake up call, but it wont. Kwame Kilpatrick was convicted of corruption mainly of stealing millions from the city. He’s only one Demonrat that got caught, there are hundreds more of them. John Conyers wife was convicted and spent time, she not only was a council member but knee deep in Detroits problems. If Kwame stole millions I bet there is billions missing and in bank accounts of Union bosses and politicians and friends of same. Took over fifty years before they stole it all, Washington is next to fall.

jainphx on July 22, 2013 at 7:33 PM

Obama is willing to talk about the 17 trillion dollar deficit. However, you never hear the government nor the media discuss the real debt? Our real financial obligations total 240 trillion dollars through programs like social security, Medicare, public pensions and welfare. Subsequently, I want to make one thing abundantly clear; It is not a matter if we are going to have a currency collapse, it is when. And the when is much sooner than later. It could happen tomorrow, next month and even next year. We do not have two years left in the American economic engine.

http://www.shtfplan.com/headline-news/what-does-a-currency-collapse-look-like_07152013

davidk on July 22, 2013 at 7:50 PM

WTH is Fox News doing with Sally Kohn on Special Report..?
Fox has lost it…

d1carter on July 22, 2013 at 6:46 PM

FNC lost it about five years ago. You just haven’t been paying attention. But as long as gullible conservatives keep tuning in thinking “it’s not as bad as CNN” just like they vote for RINOs as the “lesser of two evils,” you’ll keep getting screwed.

bw222 on July 22, 2013 at 7:53 PM

Well obviously the answer is to raise income taxes on the rich, raise sales taxes, and have Bennie print more money (aka ObamaBucks) to pass around to his Democratic constituents.

Hell, it worked in Zimbabwe!

GarandFan on July 22, 2013 at 7:54 PM

How do you rescue a city where almost half the residents are so stupid they are functionally illiterate? That’s probably a higher percent of functional illiterate than in North Korea. Send all the residents to Mexico and let the illegals from Mexico have it.

VorDaj on July 22, 2013 at 7:03 PM

You raise a good point. If 750,000 illiterate, uneducated, unskilled people can destroy Detroit (once the city with the highest per-capita income in the U.S.), think what 50 – 60 million (illegals and “family reunification”) additional illiterate, uneducated, unskilled aliens (who don’t even speak English) can accomplish.

bw222 on July 22, 2013 at 7:57 PM

Detroit should be Americas wake up call, but it wont. Kwame Kilpatrick was convicted of corruption mainly of stealing millions from the city. He’s only one Demonrat that got caught, there are hundreds more of them. John Conyers wife was convicted and spent time, she not only was a council member but knee deep in Detroits problems. If Kwame stole millions I bet there is billions missing and in bank accounts of Union bosses and politicians and friends of same. Took over fifty years before they stole it all, Washington is next to fall.

jainphx on July 22, 2013 at 7:33 PM

Coleman Young (1974-1994) was far worse than Kwame. Young was a racist and a communist who had 20 years to destroy Detroit and excelled at it.

bw222 on July 22, 2013 at 8:01 PM

The sooner Detroit faces the music, the less remote the city’s chances of actual fiscal recovery

But, really, other than to play for the Red Wings, who wants to move to Detroit? And surely no Red Wings (or Lions, Pistons, or Tigers) player actually lives in the city. Liberals don’t want to live there.

Hey, maybe since the city is ruined anyhow, they can experiment with turning it into a green utopia, we can see how well that works.

William Teach on July 22, 2013 at 8:03 PM

Maybe, the first anvil to fall, followed by many more in other cities?

Fallon on July 22, 2013 at 7:07 PM

Detroit has a lot of things that make it unique (58 minute wait for police calls), but much of its undoing came because it has twice as many retirees as current employees. That’s not so unique.

bw222 on July 22, 2013 at 8:04 PM

Bankruptcy, hell! Why don’t they just digitize the debt?
Shazzam! Problem solved . . .

BigAlSouth on July 22, 2013 at 8:06 PM

This would be a good time for Union Members across the country to start asking their Union Leaders serious questions about the status of the funding for their future penisons and health benefits.

Public employee unions may feel the pain first, but I bet there are a significant number of underfunded Union pension plans in the private sector too.

wren on July 22, 2013 at 8:06 PM

All part of Obama’s plan of wealth redistribution. Hopefully he won’t get away with this one, or all the one’s lining up behind it.

xrayiiis on July 22, 2013 at 8:08 PM

Seattle, Portland and San Francisco are all run by idiot democrat ‘liberals’ and those cities aren’t collapsing. What on earth could be different about them from Detroit? That is such a mystery!

VorDaj on July 22, 2013 at 7:18 PM

I know what you are getting at and its a big part of the problem. I live in the Detroit area and have been in the city twice in two years (to attend Tigers games). But give San Francisco, Portland and Seattle time. Public employee pensions and illegals will destroy them too.

bw222 on July 22, 2013 at 8:15 PM

Cleveland. Cincinnati. Philadelphia. Chicago (Illinois in general). How many California cities are ready to go under?

Liberals all. Let them burn.

Philly on July 22, 2013 at 8:17 PM

Govt need to realize that money doesn’t grow on trees. And as far as pensions, they need to create an investment account for that out of current salary. Detroit and other cities passed the buck to the future by obligating themselves to pay without spending any money at the time. So, it looked like employees were getting more, and the city was paying less. Now it’s time to pay the piper. Pay up!

anotherJoe on July 22, 2013 at 7:02 PM

The first thing Michigan, and the other states and the Federal govt. need are laws making public sector unions illegal. You can’t negotiate taxpayer funded contracts in good faith when you are taking campaign dollars from the very unions you are negotiating with. It’s a conflict of interest.

hopeful on July 22, 2013 at 8:24 PM

I don’t normally side with the public unions on any topic and I feel bad for the people in Detroit facing all the inevitable cutbacks. However, this is not a problem appearing out of the blue and it absolutely was not a problem nobody saw coming. Responsible people have been warning about this for years, but the politicians have kept their heads in the sand and decided that the solution was to kick the can down the road until another administration was elected. They used public unions to finance campaigns and repaid them with assurances that their retirement funds would be available and plenty. Now, look what’s happening. If the managers of any private sector retirement fund caused those funds to be as insolvent as the public ones, there would be serious legal ramifications, probably including prison time. Maybe it’s really time we look at holding the politicians responsible for the results of their policies. This is not a Republican/Democrat issue. Most Americans don’t have “Golden Parachutes.” With the devaluation of the currency inevitable because of current economic policies, we are facing a financial crisis of vast proportions in our older generations.

yesiamapirate on July 22, 2013 at 8:39 PM

3 quick pension fixes for Detroit:
1. Turn the mess over to the Pension Benefit Guaranty Corp., a big govt solution. They have rules and limits on what they think a fair pension (combined with SS) is.

2. Raise the pension age to 70 recalling all pensioners under 70. Make them pass physicals (for police and fire) or be laid off. Start pensions at 70. Make the ones qualifying for work live in the city.

3. only pay full pensions to those living in the city, 50$ within 20 miles; 10 for those out of state. New job Pension verifiers to make sure folks actually live in the city, not just have a mailbox there.

KenInIL on July 22, 2013 at 8:40 PM

The first thing Michigan, and the other states and the Federal govt. need are laws making public sector unions illegal. You can’t negotiate taxpayer funded contracts in good faith when you are taking campaign dollars from the very unions you are negotiating with. It’s a conflict of interest.

I agree the federal government should constrain the capacity of public workers to bargain and hold strikes. It’s probably not feasible to ban unions outright (and too similar to the policies of communist governments like China), but you could undermine their collective bargaining power.

Not all the blame falls on the unions though. Detroit is a metaphor for the collapse of manufacturing throughout many parts of the country and of widespread failures to diversify into new areas of economic activity as manufacturing declined. Of course, Detroit’s problems are far broader and can’t be unlinked from racial strife and white flight in the late 60′s. Yet you see many of Detroit’s problems in other former industrial giants including Gary, Indiana and Baltimore, Maryland.

In some respects, it’s a story of American failure, of an industry unable to cope with intense innovation and competition from Asia. Other advanced economies, including Germany, were able to maintain their industrial might with high paid union members going along for the ride.

bayam on July 22, 2013 at 8:48 PM

Cloward Piven end game

Grunt on July 22, 2013 at 8:54 PM

The last big municipal bankruptcy was Jefferson County, Alabama. One southern, one northern – huh. I wonder what the government of Jefferson County, Alabama has in common with the government of Detroit?

It must be that the banks conspired against both of them. Or put another way, “Da Man be keepin’ dem down.”

Tom Servo on July 22, 2013 at 9:16 PM

It was GOP austerity that is causing these cities to fail, yeah, that’s the ticket.

Philly on July 22, 2013 at 9:18 PM

When Topinka’s closed its doors for the last time back in 1992, …that was the end of Detroit. When Detroit was no longer safe to spend the evening, doing a show at the Fisher, having a really awesome meal at Topinka’s, sitting next to somebody like Alex Karras, and just having a nice date, and having Karras buy desert for you and your date…Detroit was an awesome place once upon a time. The downturn started in 1968, after the riots…the pendulum of accommodation swung so far to the Left and guilt, white guilt, misplaced white guilt, fueled it.

Yes, Detroit is a domino, and there will be more…a lot more.

Fans of MoTown can no longer visit Barry Gordy’s home, on West Grand, the museum, because it is not safe for Blacks or whites…

And going to the annual Detroit Auto Show means you have to get there when it opens up in the morning and be out of there by mid-afternoon, or you run the risk, and going to Tiger Stadium…well…safer to just watch the game on a Toledo station…safe at home.

Yeah, Detroit is gone.

And for what?

Why?

My kids will be saying the same thing about what was once the United States of America. No longer united. And no longer a place to visit, let alone live in.

coldwarrior on July 22, 2013 at 9:42 PM

I think these pension liabilities are just the icing on the cake. Corruption has been massive as well as mismanagement.

These cities will fail anyway due to the eroding social structure and failing economy.

And, like it or not, white and affluent non-white people have been moving away from these cities for decades to get away from the increasingly violent and state-dependent minorities and white trash. Who wants to support a place rife with crime, drugs, gangs and winos pissing anywhere they want?

Here and there high-priced housing in inner cities does exist, but those areas have an extremely high police presence. As soon as they even think that that protection is about to break down, they’ll cut their losses and leave.

Dr. ZhivBlago on July 22, 2013 at 10:28 PM

First domino? You forget Vallejo, San Bernardino, and Stockton in California?

crosspatch on July 23, 2013 at 1:16 AM