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« on: September 20, 2013, 10:02:57 PM »
I've been brown townyzing this with critical logical thinking for the past two years and it's been getting to me now and making sense. American cities tend to borrow so much money from sister cities (other cities they partner with and do trade and business with), and city council members of these cities and mayors borrow more money than they could ever get. It then turns into debt with all of these loans they are expected to give and it all adds up until the point where either almost every city service has to be cut financially or eliminated, or the city files for bankruptcy completely. Detroit used to be the auto capital of the world, it was also home to the American dream which does not seem as visible anymore. The American dream is no more. Many cities like Chicago, Los Angeles, and Miami borrow so much and fail to pay it back. If they keep doing this just like Detroit did then they will be just as bad as Detroit or worse. Chicago is already falling into crumbles, Miami is doing badly financially too, and same with most major Mid-West cities. Las Vegas is doing awfully too because the recession hit them hard but luckily they made it back up. We really cannot repeat history again. History is suppose to teach us human-beings what we shouldn't do in the future and we don't seem to be learning from our history and failures. Detroit is broke as a joke, the man who was once in charge of their education system could not even read or spell, America doesn't realize how bad Detroit is doing. If we don't wake up in time, it will be too late. It's bad enough that we're already going down culturally, financially, economically, and socially. I think city budgets need to be controlled more professionally. Many other American cities are going on the same path as Detroit did such as Toledo, OH, Buffalo, NY, and many other cities.
The problem is too many things are not regulated, and the middle class are a dying people.
What is your take on this matter? Will many American cities turn into ghost towns like Detroit in later years if they keep their ways up?