Detroit inches closer to bankruptcy.

@caroljsroth noted this in passing, and so I went looking, and lo! The day of Robocop approaches.

A review team assigned by the state of Michigan declared Tuesday that the city of Detroit is in a state of “Final Emergency.”

This once booming city that thrived on the American automobile industry is on the verge of bankruptcy after a long and tumultuous economic decline. Gov. Rick Snyder will now have the green light to go ahead with Michigan’s emergency manager law, which calls to appoint a manager to financially struggling local governments of the state. Based on the law’s unsuccessful history, Gov. Snyder may have some difficult days ahead in hopes of saving Detroit.

I still say that what Detroit needs is a zombie plan.

Moe Lane

5 thoughts on “Detroit inches closer to bankruptcy.”

  1. Michigan could turn a profit on Detroit tomorrow.
    Imminent domain (and fair market offers) for everything inside, say, a ring around 8-mile or 10-mile.
    Wall it off, ala Berlin circa 1961, and depopulate every supermax prison in Michigan – into Detroit.
    Once it proves out, start taking supermax prisoners off the paws of other States .. for a fee.
    Yes, this is “Escape from Detroit”….but per capita, Michigan is one of the most heavily armed States … they’ll be fine.

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  3. Detroit IS bankrupt it has been since I moved into this state. Not really sure there id anything else to say I’m for knocking it all down and plowing it all under.

  4. “The day of Robocop approaches”
    That’s funny. Well, since I don’t live in Detroit it’s funny.

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