Stefan Molyneux breaks down the truth about Detroit's recent bankruptcy including debt, unfunded pensions, health care liabilities, legalities, unemployment, income, poverty, tax burden, education, police, crime, white flight, racial divide, corruption, more bankruptcies coming, bailouts, and comparisons to the United States economy.
Sources
http://cnsnews.com/news/article/only-7-detroit-public-school-8th-graders-proficient-reading
http://www.bet.com/news/national/2013/02/07/the-public-education-woes-of-detroit.html
http://www.fee.org/the_freeman/detail/detroits-flirtation-with-economic-suicide/#axzz2ZDwhXvJ6
http://www.neighborhoodscout.com/mi/detroit/schools/#data
http://www.neighborhoodscout.com/mi/detroit/crime/#description
http://detroit.cbslocal.com/2011/05/04/report-nearly-half-of-detroiters-cant-read/
http://news.yahoo.com/factbox-detroits-outstanding-liabilities-115830905.html
http://adask.wordpress.com/2013/07/20/detroit-files-for-bankruptcy/
http://www.freakonomics.com/2011/03/23/detroit-is-dying-quickly/
http://www.reuters.com/article/2013/07/19/usa-detroit-timeline-idUSL1N0FP00F20130719
http://www.detroitnews.com/article/20130717/METRO01/307170040#ixzz2ZjkkuidS
http://www.mlive.com/business/detroit/index.ssf/2012/11/gilberts_rock_ventures_buildin.html
http://www.detroitnews.com/article/20130720/METRO01/307200026#ixzz2ZjcVBMf4
http://www.bbc.co.uk/news/world-us-canada-23369573
http://www.reuters.com/article/2013/07/18/us-usa-detroit-bankruptcy-idUSBRE96H16O20130718
http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/
http://www.blackpast.org/?q=aah/detroit-race-riot-1967
http://www.67riots.rutgers.edu/d_index.htm
http://www.time.com/time/magazine/article/0,9171,1050267,00.html
http://www.michigancapitolconfidential.com/14673
http://bber.unm.edu/econ/us-pci.htm
http://thinkprogress.org/economy/2012/05/29/491443/un-report-child-poverty/?mobile=nc
http://www.police-officer-pages.com/detroitpolicesalary.html#axzz2ZpWbFMxs
http://cityroom.blogs.nytimes.com/2013/03/29/new-police-chief-confident-he-can-handle-job/
http://www.pewstates.org/uploadedFiles/PCS_Assets/2013/Pew_city_pensions_brief.pdf
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