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How have politicians let the motor city down? well, again, this is 60 years of decline. this has been kicking the can down the road for 60 years. my perspective on it is, enough is enough. there needs to be more accountability in government. let s stand up and deal with this tragic situation and take care of the citizens. that s what this is all about. this is drawing that line to say, let s not go downhill. if we had not declared bankruptcy, detroit would have gone farther downhill. this is an opportunity to stabilize detroit, and longer term, i m bullish about the growth opportunities of detroit. there are many outstanding things going on in the city, with young people moving into the city. it s got great opportunity. the last major obstacle is the city government. you ve got $18 billion in debt. a friend of mine i talked to said, you know, is this america? look what s happening. how do you recover? you ve got some 20,000 retirees there who rely on pension checks ....
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