BANKRUPT DETROIT: 11 EMBARASSING STATS ABOUT THE DEMOCRAT STRONGHOLD MOTOR CITY

Maybe the FIREARMS Companies that were RUN OUT of Liberal Colorado could set up shop in Detroit? After all it’s a City known for great manufacturing and has many skilled workers?
Oh yeh the LIBS don’t like GUNs!!!!!!

katenews2day

11 Depressing Stats About Detroit

Sam Ro Jul. 18, 2013 Business Insider

Earlier today, Detroit filed for Chapter 9 bankruptcy, the largest municipal bankruptcy in history.

 Municipal bond experts Peter Hayes and James Schwartz of Blackrock published a brief analytical note earlier this month titled “Distress In Detroit.” In it they offered some stats that would make anyone cringe.

Here are eleven of them:

  1. Detroit’s population has plunged 63% since 1950.
  2. …and it’s down 26% since 2000.
  3. The unemployment rate hit a high of 27.8% in July 2009.
  4. As of April 2013, the unemployment rate was at 16%.
  5. Even though the population fell 63% since 1950, the municipal workforce fell by just 40%, adding to the strain on public finances.
  6. Detroit has the highest violent crime rate of any large U.S. city

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