Fall of Detroit: Bankruptcy for city means Detroit’s neighbors could also face more daunting retirement | Democracy, elections, and voting at Democracy

Pension blues

The Economist

“DETROIT should not be seen as emblematic of cities or as a harbinger of what’s to come.” So says Clarence Anthony, executive director of the National League of Cities. Exactly the opposite message comes from Walter Russel Mead of Bard College. Detroit Is the Tip of the Generational Iceberg. Detroit is broke. The once-proud city is now decrepit, with crumbling infrastructure, paltry city services, and skyrocketing crime and poverty rates. It’s easy to see Detroit’s problems as a one-off, attributable through the usual competing partisan.