Democrat controlled Detroit from 1962 is finally bearing the fruits of Democratic control. Many other cities under similar party control have not fared much better.
Coming to an America near you....
“Detroit is a microcosm of what’s going on in America, except America can still print money and borrow,” Mr. Boyle said.
http://www.nytimes.com/2013/03/12/us/for-detroit-a-financial-crisis-was-long-coming.html?pagewanted=all&_r=0
DETROIT — This city was already sinking under hundreds of millions of dollars in bills that it could not pay when a municipal auditor brought in a veteran financial consultant to dig through the books. A seasoned turnaround man and former actuary with Ford Motor Co., he was stunned by what he found: an additional $7.2 billion in retiree health costs that had never been reported, or even tallied up
But recent findings from a state-appointed review team and interviews with past and present city officials also suggest a city that over the years was remarkably badly run.
Coming to an America near you....
“Detroit is a microcosm of what’s going on in America, except America can still print money and borrow,” Mr. Boyle said.
http://www.nytimes.com/2013/03/12/us/for-detroit-a-financial-crisis-was-long-coming.html?pagewanted=all&_r=0