The Truth About Detroit's Bankruptcy

https://youtu.be/y9sTiB6JAiQ

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://www.businessinsider.com/11-charts-that-show-why-detroit-is-falling-apart-and-heading-for-bankruptcy-2013-6#for-an-alternative-view-16

http://www.dailymail.co.uk/news/article-2082445/Who-gonna-Detroit-police-stations-close-doors-public-16-hours-day.html

http://detroit.cbslocal.com/2011/05/04/report-nearly-half-of-detroiters-cant-read/

http://www.usdebtclock.org/

http://news.yahoo.com/factbox-detroits-outstanding-liabilities-115830905.html

http://theeconomiccollapseblog.com/archives/bankrupt-decaying-and-nearly-dead-24-facts-about-the-city-of-detroit-that-will-shock-you

http://adask.wordpress.com/2013/07/20/detroit-files-for-bankruptcy/

http://www.breitbart.com/Big-Government/2013/07/19/Exclusive-Rand-Paul-Obama-bails-out-Detroit-over-my-dead-body

http://www.freakonomics.com/2011/03/23/detroit-is-dying-quickly/

http://www.comingeconomicdepression.org/25-facts-about-the-fall-of-detroit-that-will-leave-you-shaking-your-head/

http://www.reuters.com/article/2013/07/19/usa-detroit-timeline-idUSL1N0FP00F20130719

http://www.detroitnews.com/article/20130717/METRO01/307170040#ixzz2ZjkkuidS

http://www.freep.com/article/20130719/NEWS06/307190075/detroit-bankruptcy-ingham-county-rosemarie-aquilina-pension

http://www.freep.com/article/20130721/NEWS06/307210073/detroit-bankruptcy-pension-benefits-unfunded-liability

http://www.freep.com/article/20130721/COL46/307210083/bankruptcy-residents-detroit-indian-village-east-side-city-services-kevyn-orr

http://dollarvigilante.com/blog/2013/5/21/how-private-policing-trumps-government-law-enforcement.html

http://www.mlive.com/business/detroit/index.ssf/2012/11/gilberts_rock_ventures_buildin.html

http://www.usatoday.com/story/news/nation/2013/05/02/detroit-puts-brakes-on-bus-stop-benches/2131295/

http://www.policymic.com/articles/44725/this-is-what-budget-cuts-have-done-to-detroit-and-it-s-freaking-awesome

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://detroit.cbslocal.com/2013/01/24/report-childhood-poverty-high-in-detroit-but-teen-pregnancy-down/

http://www.blackpast.org/?q=aah/detroit-race-riot-1967

http://www.67riots.rutgers.edu/d_index.htm

http://news.google.com/newspapers?nid=1350&dat=19831021&id=Ej9PAAAAIBAJ&sjid=uQIEAAAAIBAJ&pg=4702,516857

http://articles.chicagotribune.com/2000-01-10/news/0001100068_1_mayor-coleman-young-federal-agents-first-black-mayor

http://www.nytimes.com/1997/12/01/us/coleman-a-young-79-mayor-of-detroit-and-political-symbol-for-blacks-is-dead.html?pagewanted=all&src=pm

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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