Monday, June 17, 2013

Government Spending and Perceived Risk - Detroit

I could not believe the statements and statistics presented by Felix Salmon concerning Detroit. I immediately thought of the discussion on spending money on perceived versus real risks, i.e. terrorists vs. deer. Detroit looks like a real risk.

Average income: $15, 261
Average auto insurance: $4,000
Murders in 2011: 344 (39 solved)
Crime rate: ranked No. 1 for major cities; 5 times the national average
Average response time for an emergency call to police: 58 minutes
Street lights: 40% are not working
Abandoned buildings: 78,000
Fires: 12,000 per year
Detroit has $9 billion in debt excluding pension liabilities and healthcare and life insurance liabilities, which are estimated at another 6 billion

1 comment:

Big Myk said...
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