This is what 52 straight years of Donk leadership buys you:Detroit's fiscal condition has become so dire that private citizens are stepping up to provide basic services, and some experts say the volunteers and entrepreneurs are the Motor City's best hope.
Nearly $2.5 billion in debt after decades of mismanagement, the city is now being run by an independent emergency manager in a last-ditch effort to avoid bankruptcy. Just last month that city stopped payment on unsecured debt in an attempt to “conserve cash” for the police and fire departments and other city services. But the city's collision course with insolvency has created business opportunities for some and spurred a sense of civic pride for others.
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"Detroit is in desperate, desperate shape," said Peter Eisinger, professor emeritus of urban policy at New York's New School. "Detroit is a vast territory and 40 percent of it is empty. I don't see any of these efforts having any positive effects. It's a desperate, band-aid effort to make the city a little more livable for the people who stayed there."
Read more: http://www.foxnews.com/us/2013/07/16/de ... z2ZF18Kcwo" onclick="window.open(this.href);return false;
Good work, Donks.
