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If You Want To See The Future Of America Just Look At Detroit
06-19-2013, 01:05 PM (This post was last modified: 06-19-2013 01:09 PM by Cool Hand Vutu.)
Post: #1
If You Want To See The Future Of America Just Look At Detroit
Eventually the money runs out. Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured debt, but those who visit my site on a regular basis were probably not too surprised. Anyone with half a brain and a calculator could see this coming from a mile away. But people kept foolishly lending money to the city of Detroit, and now many of them are going to get hit really hard. Detroit Emergency Manager Kevyn Orr has submitted a proposal that would pay unsecured creditors about 10 cents on the dollar. Similar haircuts would be made to underfunded pension and health benefits for retirees. Orr is hoping that the creditors and the unions that he will be negotiating with will accept this package, but he concedes that there is still a "50-50 chance" that the city of Detroit will be forced to formally file for bankruptcy. But what Detroit is facing is not really that unique. In fact, Detroit is a perfect example of what the future of America is going to look like. We live in a nation that is rotting, decaying, drowning in debt and racing toward insolvency. Already there are dozens of other cities across the nation that are poverty-ridden, crime-infested hellholes just like Detroit is, and hundreds of other communities are rapidly heading in that direction. So don't look down on Detroit. They just got there before the rest of us.

The following are some facts about Detroit that are absolutely mind-blowing...

1 - Detroit was once the fourth-largest city in the United States, and in 1960 Detroit had the highest per-capita income in the entire nation.

2 - Over the past 60 years, the population of Detroit has fallen by 63 percent.

3 - At this point, approximately 40 percent of all the streetlights in the city don't work.

4 - Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles on them.

5 - 210 of the 317 public parks in the city of Detroit have been permanently closed down.

6 - According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.

7 - Approximately one-third of Detroit's 140 square miles is either vacant or derelict.

8 - Less than half of the residents of Detroit over the age of 16 are working at this point.

9 - If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.

10 - According to one very shocking report, 47 percent of the residents of Detroit are functionally illiterate.

11 - Today, police solve less than 10 percent of the crimes that are committed in Detroit.

12 - Ten years ago, there were approximately 5,000 police officers in the city of Detroit. Today, there are only about 2,500 and another 100 are scheduled to be eliminated from the force soon.

13 - Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day.

14 - The murder rate in Detroit is 11 times higher than it is in New York City.

15 - Crime has gotten so bad in Detroit that even the police are telling people to "enter Detroit at your own risk".

16 - Right now, the city of Detroit is facing $20 billion in debt and unfunded liabilities. That breaks down to more than $25,000 per resident.

Read More: http://theeconomiccollapseblog.com/archi...at-detroit

The following are a lot more facts about our exploding national debt from one of my previous articles entitled "55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know"...

#1 While Barack Obama has been president, the U.S. government has spent about 11 dollars for every 7 dollars of revenue that it has actually brought in.

#2 During the fiscal year that just ended, the U.S. government took in 2.449 trillion dollars but it spent 3.538 trillion dollars.

#3 During fiscal year 2011, over a trillion dollars of government money was spent on 83 different welfare programs, and those numbers do not even include Social Security or Medicare.

#4 Over the past four years, welfare spending has increased by 32 percent. In inflation-adjusted dollars, spending on those programs has risen by 378 percent over the past 30 years. At this point, more than 100 million Americans are enrolled in at least one welfare program run by the federal government. Once again, these figures do not even include Social Security or Medicare.

#5 Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent. Now more than 16 million Americans are enjoying what has come to be known as an "Obamaphone".

#6 When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, 47 million Americans are on food stamps. And this has happened during what Obama refers to as "an economic recovery".

#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.

#8 The U.S. Department of Agriculture recently spent $300,000 to encourage Americans to eat caviar at a time when more families than ever are having a really hard time just trying to put any food on the table at all.

#9 During 2012, the National Science Foundation spent $516,000 to support the creation of a video game called "Prom Week", which apparently simulates "all the social interactions of the event."

#10 The U.S. Department of Agriculture gave the largest snack food maker in the world (PepsiCo Inc.) a total of 1.3 million dollars in corporate welfare that was used to help build "a Greek yogurt factory in New York."

#11 The National Science Foundation recently gave researchers at Purdue University $350,000. They used part of that money to help fund a study that discovered that if golfers imagine that a hole is bigger it will help them with their putting.

#12 If you can believe it, $10,000 from the federal government was actually used to purchase talking urinal cakes up in Michigan.

#13 The National Science Foundation recently gave a whopping $697,177 to a New York City-based theater company to produce a musical about climate change.

#14 The National Institutes of Health recently gave $666,905 to a group of researchers that is studying the benefits of watching reruns on television.

#15 The National Science Foundation has given 1.2 million dollars to a team of "scientists" that is spending part of that money on a study that is seeking to determine whether elderly Americans would benefit from playing World of Warcraft or not.

#16 The National Institutes of Health recently gave $548,731 to a team of researchers that concluded that those that drink heavily in their thirties also tend to feel more immature.

#17 The National Science Foundation recently spent $30,000 on a study to determine if "gaydar" actually exists. This is the conclusion that the researchers reached at the end of the study...

I just want to say I feel really bad for the average American, just look at what your Government spends your tax money on! $27,000,000 on Moroccan pottery???????
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06-19-2013, 06:53 PM
Post: #2
RE: If You Want To See The Future Of America Just Look At Detroit
In the heart of America.

That's just insane and no one really seems to care.

Unbelievable.

come for the calo, stay for the yoshida brotha
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06-19-2013, 07:32 PM
Post: #3
RE: If You Want To See The Future Of America Just Look At Detroit
this is how the conspiracy works.. they control the money and where it goes. notice all the stuff they fund serves the progressive agenda.
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06-19-2013, 07:41 PM
Post: #4
RE: If You Want To See The Future Of America Just Look At Detroit
Quote:#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.

this was probably a clever way to fund some subversive revolutionary movement in that area.

front company.
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06-19-2013, 09:52 PM
Post: #5
RE: If You Want To See The Future Of America Just Look At Detroit
Depressing read.

I remember when I visited Detroit back in the 90s, the entire city looked very run down, but in the malls people wore the latest trainers and newest clothing. The mall was also very done up. It was strange.
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06-19-2013, 11:01 PM
Post: #6
RE: If You Want To See The Future Of America Just Look At Detroit
Kind of hard to feel sorry for anyone losing money because they invested in Detroit. The leadership there has shown time and again that its more interested in filling its own collective pockets while blaming "the man" for all of its troubles. Until that victim mentality changes, nothing much else will in Detroit.
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06-20-2013, 01:07 AM
Post: #7
RE: If You Want To See The Future Of America Just Look At Detroit
I drove through detroit about 5 years ago. I was scared as shit and locked my car doors. It was me and 2 other pro fighters in the car and I was terrified. The entire time we were driving through I don't think I ever saw a 'nice' anything - all I saw was boarded up and spray painted buildings
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06-20-2013, 01:15 AM
Post: #8
RE: If You Want To See The Future Of America Just Look At Detroit
^ not a good image.

I bet it's even worse today.
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06-20-2013, 01:20 AM
Post: #9
RE: If You Want To See The Future Of America Just Look At Detroit
It's scary but it never bothered me that much.

If I had to stop off at a gas station or something late at night and walk past a bunch of crackheads, I would nod at them and say hi like I belonged there.

Nobody ever game me any trouble whatsoever.

I reckon people sense fear and take that as a sign you're not from around there...that's when you become a target.

If my girlfriend was with me, she would freak out and start yelling at me to get her home RIGHT NOW! lol.

"If you don't love all, you love no one" - Reverend Jesse Lee Peterson
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06-20-2013, 01:38 AM
Post: #10
RE: If You Want To See The Future Of America Just Look At Detroit
Detroit graffiti

[Image: 162580129.jpg]

I guess it didn't matter whether we elected Clinton or Trump.
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06-20-2013, 05:35 AM
Post: #11
RE: If You Want To See The Future Of America Just Look At Detroit
(06-19-2013 11:01 PM)Fugazi Wrote:  Kind of hard to feel sorry for anyone losing money because they invested in Detroit. The leadership there has shown time and again that its more interested in filling its own collective pockets while blaming "the man" for all of its troubles. Until that victim mentality changes, nothing much else will in Detroit.

Don't you own a home in Detroit?
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06-20-2013, 05:58 AM
Post: #12
RE: If You Want To See The Future Of America Just Look At Detroit
(06-20-2013 01:20 AM)THE_DEAN Wrote:  It's scary but it never bothered me that much.

If I had to stop off at a gas station or something late at night and walk past a bunch of crackheads, I would nod at them and say hi like I belonged there.

Nobody ever game me any trouble whatsoever.

I reckon people sense fear and take that as a sign you're not from around there...that's when you become a target.

If my girlfriend was with me, she would freak out and start yelling at me to get her home RIGHT NOW! lol.

Crackheads are just like wild animals. If you make eye contact and establish that you do not fear them, they continue on in search of weaker prey. If they sense your fear, their predator mode kicks into gear.

I guess it didn't matter whether we elected Clinton or Trump.
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06-20-2013, 10:22 AM
Post: #13
RE: If You Want To See The Future Of America Just Look At Detroit
"in 1960 Detroit had the highest per-capita income in the entire nation"

Breathtaking decline in basically two generations.
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06-20-2013, 10:38 AM
Post: #14
RE: If You Want To See The Future Of America Just Look At Detroit
what is happening to your country?
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06-20-2013, 11:28 AM
Post: #15
RE: If You Want To See The Future Of America Just Look At Detroit
^ One perspective below.

Hollowing out of the middle class.

http://www.alternet.org/economy/americas...paging=off

"Our middle class is falling further and further behind in comparison to the rest of the world. We keep hearing that America is number one. Well, when it comes to middle-class wealth, we're number 27.

The most telling comparative measurement is median wealth (per adult). It describes the amount of wealth accumulated by the person precisely in the middle of the wealth distribution—50 percent of the adult population has more wealth, while 50 percent has less. You can't get more middle than that.

Wealth is measured by the total sum of all our assets (homes, bank accounts, stocks, bonds etc.) minus our liabilities (outstanding loans and other debts). It the best indicator we have for individual and family prosperity. While the never-ending accumulation of wealth may be wrecking the planet, wealth also provides basic security, especially in a country like ours with such skimpy social programs. Wealth allows us to survive periods of economic turmoil. Wealth allows our children to go to college without incurring crippling debts, or to get help for the down payment on their first homes.

•Wall Street is out of control. Once deregulation started 30 years ago, money has gushed to the top as Wall Street was free to find more and more unethical ways to fleece us.

Is there one cause of the middle-class collapse that rises above all others?

Guess which one had the biggest impact on the growing split between the 1 percent and the 99 percent?

Financialization!"
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