I also believe the negligence of the State of Michigan regarding Detroit and needed bailouts is a civil rights issue as well.
I believe the reality of Minority Wealth in the USA and the ability to build that wealth, along with the fact there are large minority populations to receive pensions raises SPECIAL CASE scenarios for these proceedings.
Wayne County
Population in 2011:
711,700.
Population change since 2000: 25.2%
Males: 336,696 (47.3%)
Females: 375,004 (52.7%)
Median resident age: 34.8 years
Michigan median age: 45.5 years
Estimated median household income in 2009: $26,098 (it was $29,526 in 2000)
Detroit: | $26,098 |
Michigan: | $45,255 |
Estimated per capita income in 2009: $14,213
Estimated median house or condo value in 2009: $67,000 (it was $62,800 in 2000)
Detroit: | $67,000 |
Michigan: | $132,200 |
Mean prices in 2009: All housing units: $97,288; Detached houses: $98,203; Townhouses or other attached units: $88,494; In 2-unit structures: $80,067; In 3-to-4-unit structures: $84,273; In 5-or-more-unit structures: $146,830; Mobile homes: $96,336; Occupied boats, RVs, vans, etc.: $58,006
Median gross rent in 2009: $749.
White alone, percent, 2010 - 10.6 percent Michigan 0 78.9 percent
Black or African American alone - 82.7 percent Michigan 14.2 percent
American Indian and Alaska Native alone - 0.4 percent Michigan 0.6 percent
Asian alone - 1.1 percent Michigan 2.4 percent
Native American and Other Pacific Islander - none or in the state
Two or more races - 2.2 percent Michigan 2.3 percent
(Basically all live in Detroit)
Hisapanic or Latino - 6.8 percent Michigan 4.4 percent
White along, not Hispanic or Latino 7.8 percent Michigan 76.6%
There has been no effort by the State of Michigan to mitigate the Detroit bankruptcy. They simply decided the best scenario was to rob everyone. I am curious the amount of minorities involved with the Bond Holders as well.
I believe Detroit has special circumstances that impact this bankruptcy. Leaving former employees in their own bankruptcies and impoverished retirements should never an issue. That is especially true in our minority populations.
The Detroit bankruptcy will have a 'rolling' effect. First the city, then bond holders, then the pensions and finally the employees and pensioners will all end up in bankruptcy. It is imprudent and is far to severe realizing the final scenario will have effects on the entire US economy.
The US government spent $17.3 billion on the car bailouts.