Thursday, December 10, 2015

Shouting, reflection mark first year free of bankruptcy

The Detroit Free Press reports:
Detroit marks one year of freedom today from the nation's largest bankruptcy, but overflowing passions at an event Wednesday night to discuss the state of the city showed some residents remain angered and disappointed by the outcome.

To be sure, the City of Detroit is financially solvent with thousands of new streetlights and its historic art collection preserved. Pensioners get paid despite cuts and key city services have shown signs of improvement. The city's budget is balanced. There is even an expected surplus.

Still, the city is struggling to find new solutions to old problems: endemic blight, vacant land, high crime, struggling schools and a looming pension bill that city leaders are struggling to pay off.
The struggles of Blue America.