Question

The Causes and Effects of the Detroit Bankruptcy

2 to 3 Pages MLA or APA style Five primary resources Use the words of the thought leaders and experts.

Properly quoted and referenced Paint a vivid picture with your words. Take the reader on a journey through the depths of the Detroit bankruptcy. Be interesting and draw the reader in. Provide a reference page

Answer 1

Causes of Detroit Bankruptcy are:

1. The population has collapsed in the past six decades.

2. Detroit has the highest unemployment rate than any other in the nation.

3. A lot of debt is the result of the public employee pensions.

4. The guys who are running the pension funds are not exactly helping

5. Basic city services are non existent

6. Crimes are high and the people have no way to respond

Effects of Detroit Bankruptcy are:

USA Today provided the following shocking facts and figures which are as follows:

1. The city's revenue fell by 40% in 2012 as compared to 1962

2. Property Taxes decrease by 19.7% in last 5 years

3. The June 2012 unemployment rate is 18.3%

4. The employed residents in the country decline by 53%

5. The long term debt that the city accumulated is between $18-20 billion

6, Fire incidents in the city is between 11000-12000 every year