Unions Drive Detroit to the Edge of Bankruptcy

The Wall Street Journal reports:

Detroit has been in trouble for decades. It has the highest taxes in Michigan, the highest murder rate in the country, and a dreadful public school system. Only 25% of high school students graduate each year. Its tens of thousands of abandoned homes offer safe haven to drug dealers and criminals. All of this has produced an exodus of businesses—there is no longer a single major department store in the city—and residents. Detroit's population is less than half of its peak of two million in the 1960s.

Imagine that.