Detroit’s Financial Woes Worsen

May 16, 2013  •  From theTrumpet.com
 

Dave Bing announced Tuesday that he will not seek a second term as the mayor of Detroit. Bing has been unable to bring the city out of its financial free fall. The crisis has been so bad that Michigan Gov. Rick Snyder has appointed a powerful emergency manager to try to fix what Bing could not.

Detroit was once the heart of a successful American auto industry. But the Motor City is now careening toward bankruptcy. Decades of corrupt leadership, poor management, high crime rates, selfish unions, high taxes and excessive spending have taken their toll.

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