DETROIT GETS SEQUESTERED
Detroit committed municipal suicide through crony capitalism and union feather-bedding. As the city’s population shrank from 1.8 million in 1950 to 714,000, Detroit refused to shrink government spending by the $327 million necessary to balance its budget. Perhaps the example of Detroit’s downfall will prod Congress to get serious about downsizing the federal spending before America meets suffers a similar fate.
The City of Detroit in the 1950s reigned as the capital of America’s “Industrial Heartland.”
A big reason for the continuing decline in Detroit is city government has often been plenty crooked. “ ”, says Thomas Klug, a history professor at Marygrove College and Director of the Institute of Detroit Studies.
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