Woozle: relevant discussion link

2015-02-23T02:21:39Z

relevant discussion link

Woozle: Created page with "==The Myth== {{hdr/myth|Detroit's economic problems and subsequent bankruptcy were due to excessive spending on social programs.}} ==Reality== Detroit's economy was ruined by..."

2015-02-12T17:50:10Z

Created page with "==The Myth== {{hdr/myth|Detroit's economic problems and subsequent bankruptcy were due to excessive spending on social programs.}} ==Reality== Detroit's economy was ruined by..."

New page

==The Myth==
{{hdr/myth|Detroit's economic problems and subsequent bankruptcy were due to excessive spending on social programs.}}
==Reality==
Detroit's economy was ruined by a combination of factors:
* heavy dependence on a single industry, i.e. automobile manufacturing
* big business demanding steep tax breaks to keep them in Detroit after the auto industry left
* government corruption and mismanagement
===Dependence===
The automobile industry made Detroit what it was, but no industry lasts forever. When management styles changed starting in the 1980s to a more aggressively profit-driven mode, the automobile companies began moving jobs from Detroit to other locations – decimating Detroit's economy in general and severely reducing tax revenue.
===Tax Breaks===
After the automobile industry abandoned ship, remaining large businesses then threatened to leave as well if Detroit didn't give them steep tax breaks, further eroding tax revenues.
===Corruption===
State lawmakers raided Detroit's share of revenue sharing payments beginning in 2003 as lawmakers and governors diverted funds to fill holes in the state budget.
<ref name=CNL20140330 /> (I also seem to recall seeing evidence of corruption within the city government itself, but at the moment I don't have my hands on any sources.)
==Links==
===Reference===
* {{issuepedia|Detroit}}
===Sources===
<references>
<ref name=CNL20140330>'''2014-03-20''' [http://crooksandliars.com/2014/03/michigan-short-changed-detroit-millions Michigan Short-Changed Detroit By Millions] "Instead of sharing sales tax revenue properly, Michigan kept millions intended for Detroit, effectively bankrupting the city." ([http://www.mml.org/advocacy/great-revenue-sharing-heist.html report]; [http://blogs.mml.org/wp/inside208/2014/03/24/media-throughout-michigan-report-on-great-revenue-sharing-heist-study-by-michigan-municipal-league/ media])</ref>
</references>

← Older revision		Revision as of 02:21, 23 February 2015
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	<ref name=CNL20140330>'''2014-03-20''' [http://crooksandliars.com/2014/03/michigan-short-changed-detroit-millions Michigan Short-Changed Detroit By Millions] "Instead of sharing sales tax revenue properly, Michigan kept millions intended for Detroit, effectively bankrupting the city." ([http://www.mml.org/advocacy/great-revenue-sharing-heist.html report]; [http://blogs.mml.org/wp/inside208/2014/03/24/media-throughout-michigan-report-on-great-revenue-sharing-heist-study-by-michigan-municipal-league/ media])</ref>		<ref name=CNL20140330>'''2014-03-20''' [http://crooksandliars.com/2014/03/michigan-short-changed-detroit-millions Michigan Short-Changed Detroit By Millions] "Instead of sharing sales tax revenue properly, Michigan kept millions intended for Detroit, effectively bankrupting the city." ([http://www.mml.org/advocacy/great-revenue-sharing-heist.html report]; [http://blogs.mml.org/wp/inside208/2014/03/24/media-throughout-michigan-report-on-great-revenue-sharing-heist-study-by-michigan-municipal-league/ media])</ref>
	</references>		</references>
		+	===Notes===
		+	* '''2014-08-18''' [https://plus.google.com/102282887764745350285/posts/LBEBzrNzLbn some discussion on Google+]

Myths/liberal policies destroyed Detroit - Revision history

Woozle: relevant discussion link

Woozle: Created page with "==The Myth== {{hdr/myth|Detroit's economic problems and subsequent bankruptcy were due to excessive spending on social programs.}} ==Reality== Detroit's economy was ruined by..."