Why ever would anyone expect this?
Detroit files for bankruptcy (bet you thought it already was bankrupt) Morally and socially for about 200 years.
The city of Detroit filed for Chapter 9 bankruptcy protection in federal court Thursday, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.
The bankruptcy filing makes Detroit the largest city in U.S. history to do so.
Blaise Miller @BlaiseInKC
Detroit officials tell residents not to panic over the bankruptcy. They don’t expect any disruption to the city’s cocaine availability.
Charles C. W. Cooke @charlescwcooke
I’m just disgusted at the political and divisive attempt to make the failure of a city about the people who have run it for half a century.