Detroit Declares Bankruptcy; Citizen Layoffs Begin

After decades of mismanagement, decay, and taxpayer flight led to one of the largest municipal bankruptcies in U.S. history Friday, city officials have begun circulating notices informing citizens that their continued residence would no longer be required.  “Look, there’s really no need to spell out what everyone knows: Detroiters are a net drain on the Detroit economy,” said city emergency manager Kevyn Orr.  “The city services they consume cost far in excess of what they can afford.  The sooner we complete this restructuring, which will unfortunately require a significant reduction in headcount, the sooner we will be back on track as a city.”

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