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Does Detroit’s Bankruptcy Raise Red Flags for Jackson?

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By Mukesh Kumar
July 28, 2013

Detroit declares bankruptcy; we walk into uncharted territory of Chapter 9, and panic if it is coming to a city near us. Charlie LeDuff, author of “Detroit: An American Autopsy,” stokes the panic some more with a title like “Come See Detroit, America’s Future,” and never mind Paul Krugman, a New York Times Columnist and Nobel Prize winning economist, who just a few days ago described Detroit as a special case. LeDuff may seem unbalanced, speaking from his gut; Krugman, from his prefrontal cortex, but a majority of Jacksonians are likely to sway both ways. This could either be our nightmare or “no way could this happen here!”

Detroit declares bankruptcy; we walk into uncharted territory of Chapter 9, and panic if it is coming to a city near us. Charlie LeDuff, author of “Detroit: An American Autopsy,” stokes the panic some more with a title like “Come See Detroit, America’s Future,” and never mind Paul Krugman, a New York Times Columnist and Nobel Prize winning economist, who just a few days ago described Detroit as a special case.

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