Detroit Bankruptcy

I can’t really say that I know much about Detroit recently filing bankruptcy.  I knew Detroit had a huge financial debt but I didn’t know a city could even file bankruptcy. I had to do some research to figure out what this all meant for the city. After reading a few articles I noticed a few ideas that kept coming up, many people were blaming the auto industry, large pensions and unions as what helped bring Detroit down. I’m not really sure if these are facts or observations made by outsiders that have done their “research”.  I am only an observer myself and can’t really pinpoint a main cause for this unfortunate event.

I can say a few things about Detroit after doing my “research”, and living there for a few years. Detroit has been on a downward spiral for decades. There is no single source of its reason for decay. The city was booming when the auto industry had a heavy influence over jobs, but people can’t blame the growth and expansion of these companies to other areas as the leading cause of destruction. Also Detroit isn’t the only city that gives their retiring members of the force benefits. In fact, according to research done by US Today, their retirees receive less than most.  It bothers me that these news reports continue to bring a city down that has already reached rock bottom. Instead of writing questionable articles about the cities reason for failures, they should be sending encouraging messages to reassure the city and its citizens that it can only get better from here.