Obama and the Broken Cities who he says does not exist.

According to Obama and his supporters they are claiming that the economy is not broken and everything is going back to NORMAL.  Where in the Dickens is he getting his information because the Major Cities of the USA is going belly up.

Detroit was the first one to really bring to America's attention and this was picked up by the News that another Campaign promise Obama made was he will not let Detroit fail,



What Obama is really saying he refuses to allow Detroit to file Bankruptcy and therefore making the Citizens of Detroit to suffer with a broke city and high taxes, They are so broke that the street lights were turn off by the Electric Company. But Obama is obstructing the filing because this would mean he is a failure.

Now if Hillary gets in we have another problem. Hillary could not even balance her own books during the 2008 campaign. Hillary and Bill Clinton knew  Obama was not eligible and they chose not to speak out and expose Obama. Instead she bowed out of the race allowed Obama to win and got a job as Secretary of the State with he debts paid off by the Obama Campaign. Therefore could you trust a person after they sleep with the enemy.I can't !

The following are the cities trying to file:

Detroit $18.5 billion in the red
The largest city to file Bankruptcy-$3.5 billion in pension liabilities for retired city employees.Most of the tax payers moved out of the city leaving it a slum.

Philadelphia $9 billion,Pension problems High rate of property tax delinquencies, among other revenue taxes as high rate of business taxes with business closing or moving out.

Birmingham  $30 Million filed in 2011 for sewage-system debit $3.14 billion

New Orleans 1.9 billion  after Katrina New Orleans lost 1/2 the working force. City employees remain on the payroll and not working.

UPDATED: July 18, 2013

http://www.governing.com/gov-data/municipal-cities-counties-bankruptcies-and-defaults.html

Many local governments across the U.S. face steep budget deficits as they struggle to pay off debts accumulated over a number of years. As a last resort, some filed for bankruptcy.

Governing is tracking the issue, and will update this page as more municipalities seek bankruptcy protection.

Most recently, Detroit became the largest municipality in U.S. history to file for bankruptcy. The state had already appointed an emergency financial manager for the city, saddled with debts totaling an estimated $18 billion.

Overall, though, bankrupt municipalities remain extremely rare. A Governing analysis estimated only one of every 1,668 eligible general-purpose local governments (0.06 percent) filed for bankruptcy protection over the past five years. Excluding filings later dismissed, only one of every 2,710 eligible localities filed since 2008.

The majority of filings have not been submitted by bankrupt cities, but rather lesser-known utility authorities and other narrowly-defined special districts throughout the country. In Omaha, Neb., 10 sanitary districts have filed for bankruptcy, accounting for nearly a third of all Chapter 9 filings since 2010.

It's also important to note that only about half of states outline laws authorizing municipal bankruptcy. View our bankruptcy laws map for each state's policies.

List of Bankruptcy Filings Since January 2010

All Municipal Bankruptcy Filings: 36

General-Purpose Local Government Bankruptcy Filings (8):
-- City of Detroit
-- City of San Bernardino, Calif.
-- Town of Mammoth Lakes, Calf. (Dismissed)
-- City of Stockton, Calif.
-- Jefferson County, Ala.
-- City of Harrisburg, Pa. (Dismissed)
-- City of Central Falls, R.I.
-- Boise County, Idaho (Dismissed)

Municipal Bankruptcies Map
The map below shows all municipalities filing for Chapter 9 bankruptcy protection since 2010, along with local governments voting to approve a bankruptcy filing.  Click here for Map

Cities, towns and counties are shown in red. Utility authorities and other municipalities are displayed in gray. Click a marker to view details of each filing. Multiple municipalities have filed for bankruptcy in some cities, such as Omaha, Neb., so not all markers are visible without zooming in on the map.

Please note that several municipal bankruptcy filings have been rejected, as indicated.