Why Detroit may be America's comeback city
City facing bankruptcy, but has more going for it than people think.
Detroit is one of America's most famous cities, yet it may cease to exist at least in one regard. State officials are mulling over the prospect of allowing Detroit to declare bankruptcy and dissolve itself into Wayne County. Despite this, Detroit has more going for it than most realize.
Detroit faces bankruptcy today, but could be America's comeback city tomorrow.
State governor Rick Snyder told WWJ that he would not rule out the possibility. "Detroit needs to solve their problems, but they need support and we've been very supportive partners, I believe, in terms of offering different ideas and thoughts. And I just encourage them to work harder about working better together," he said.
Others oppose the notion outright. Karen Dumas told Talk Radio 1270, "No, I don't think that dissolution is the solution for the city of Detroit; I don't. With every step we get more and more fearful . and maybe at some point that's going to make everybody wake up and realize that we need to stop playing politics and come up with a solution for progress. I don't know at what point that's going to happen."
In reality, there are a number of options the financially troubled city can explore, however bankruptcy is one.
A number of cities across the country have either declared bankruptcy or are considering the option. As the Great Recession draws to an end, it leaves behind a wake of fiscal destruction. The long period of prosperity from the 1990s through the end of the Bush era spoiled people and saw both households and cities grow expenditures well beyond what could be sustained.
As the recession consumed jobs, it also took revenues out of city coffers. Many cities cannot meet their financial obligations without making deep cuts to programs that have become dear to many people, especially long-term benefit programs such as pensions and health care.
In addition to massive revenue loss resulting from a decline in the local job market, Detroit has long struggled with a poor public image. Many still believe Detroit to be a crime-ridden place, a reputation the city developed in the 1980's.
Still, Detroit has made something of a comeback. The auto industry has recovered and although leaner than before, Detroit still enjoys a positive reputation in the industry. Many auto manufacturers proudly announce their vehicles are made in Detroit.
Unfortunately, the city remains in dire financial straits and will not likely recover soon as talks to renegotiate contracts, among other challenges, fall through.
Detroit is a tough city. It's people are resilient and its industry is strengthening again. Even if Detroit must declare bankruptcy in the short term, the long term future for the city remains strong.
Detroit may very well be America's comeback city when all is done.
© 2012, Distributed by NEWS CONSORTIUM.
- - -
Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: Detroit, bankrputcy, reputation, comeback city
Rate This Article
Leave a Comment
More U.S. News
- Priests for Life: Pain-Capable Unborn Child Protection Act Most Significant Legislative Step Forward
- In the Wake of the Moore Tornado: What Can we Learn from the Disaster?
- US Supreme Court Accepts Religion Case: Will Legislative Prayer Survive Religious Censorship?
- Largest Burmese Python caught in Miami-Dade County
- Court sides with Obama, Osama death photos can remain secret - for your own good
- Two Oklahoma men killed in tornadoes; Kansas, Iowa batten down for severe weather
- Supreme Court to decide if prayer before town meeting is permissible
- All survive terrifying plane 'belly landing' in Newark
- Nebraska Bishop: Gosnell clinic was 'reminiscent of Auschwitz'
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?