VOICED: Detroit teeters on brink of bankruptcy

The video discusses Detroit's financial crisis, highlighting the city's $13 billion debt and $200 million budget deficit. It explores the impact of economic decline, including job losses and population decrease, leading to urban blight. The state has intervened, proposing cost-cutting measures, but critics argue these could worsen living conditions. The video also covers community efforts to oppose state control and the need for a sustainable austerity plan.

What major financial issues is Detroit facing according to the video?

• An increase in population

• A booming automotive industry

• Over $13 billion in debt and a $200 million budget deficit

• A surplus in the city budget

What is one of the proposed solutions to manage Detroit's financial crisis?

• Increasing taxes on residents

• Handpicking an unelected proxy to slash costs

• Building more infrastructure

• Hiring more city employees

Why is it difficult to attract investment to Detroit?

• The city is financially healthy

• The city has too many investors already

• The city is on the borderline of bankruptcy

• There is too much competition from local businesses

What are some of the measures Detroit is taking to reduce expenses?

• Increasing police hours

• Trimming $40 million in pay and benefits from city unions

• Hiring more teachers

• Expanding city services

What is the concern of critics regarding further cuts to services in Detroit?

• They will have no impact on the city

• They could worsen an already eroded quality of life

• They will improve the quality of life

• They will lead to an increase in population