Detroit is going broke

This is not a story that I enjoy writing; in fact it saddens me to even have to write it.

Via Reuters:

(Reuters) – Detroit is in “extremely serious financial condition,” as it is projected to run out of cash next year and must take action to avoid a state takeover, Mayor Dave Bing said on Thursday.
Michigan’s largest city is facing a projected cash shortage of about $150 million by the end of March, a statement from his office said.

To avoid having a state-appointed emergency financial manager, the city needs to address pension and healthcare costs and “inefficient services” such as transportation and lighting, while labor union contracts need to be renegotiated before their expiration next June, the statement said.

“City government has to live within its means,” Bing said in the statement. “Continuing to do business the same way is not an option, given our extremely serious financial condition. The last thing I want is for Detroit to be run by an emergency financial manager, whether it’s me or someone else.”

The question that everyone wants to know the answer to is this; what happened to Detroit?
The answer to that question is not an easy answer.  The troubles in Detroit, Michigan were decades in the making and will most likely take decades to fix.  Detroit troubles are plenty and they are complex.  I will try to rattle off a few:
Detroit’s troubles were brought on by the flight of the white population from the city after the riots in 1967 — A riot that was sparked by the way, by a rumor, which turned out to be a bald-faced lie.  The police in Detroit, who happened to be white, where simply doing their jobs, when they raided a “Blind-Pig,” that was being operated by group of black criminals within the city.  The rumor was that the Detroit Police shot and killed a man, while he was handcuffed, face down on the pavement; again, this was a complete lie, that was started by leftist radicals in the city, who resented the white police and the White Democratic Party Government in the city of Detroit.  This sparked a riot, which targeted business owners; which caused the White, Jewish and other non-black minority residents to seek housing elsewhere — namely in the southern and northern suburbs of Detroit.  This event was referred to as the “White Flight” of Detroit.  What was Detroit’s mentality about this massive exodus — This: “We don’t want them crackers and diamond dealers living around us no way” and thus the decline of Detroit in the form of loss of tax dollars in the city of Detroit.
Detroit’s troubles were brought on by the onset of the globalists who wished to make a quick buck at the expense of the American Worker and more specifically the Detroit Automotive Worker. 
Detroit’s troubles were brought on by the North American Free Trade Agreement that was passed by the Clinton Administration in the 1990’s.  This not only weakened the Unions ability to collectively bargain with any sort of force; but it also put the American Auto Companies at a disadvantage too.  Detroit auto companies just cannot build autos as cheap as foreign companies can; this is because we have labor laws here in America that prevents the exploitation of workers.
Detroit’s troubles were brought on by the private sector unions who fought for more and more of the piece of the pie, which rendered the American auto companies unable to compete with the foreign auto companies.
Detroit’s troubles were brought on by the public sector unions which demands grew more and more unreasonable by the year; which drank the city dry of any ability to maintain any sort of profitability.
Detroit’s troubles are the result of a progressive mentality, which says, “I am entitled” to this and that, and a mentality of anti-white hatred; that somehow the White man, which founded Detroit was somehow inherently evil and must be destroyed.  What I just described to you is the core belief system of Jesse Jackson and Al Sharpton — and maybe President Obama — But I digress.
All of that up there is a whole bunch to unpack, it is a mental conditioning, that starts when one is very young, and it is not something that can be ripped out overnight, not without riots breaking out.  However, it can be done reasonably and without a lot of pain and suffering; but it can be done.
The important question to ask is; will Detroit be able to survive long enough for these things to be unpacked?