One Small Reason Why Detroit Is Bankrupt

Kwame Kilpatrick is a former mayor of Detroit and helped put the City of Detroit into bankruptcy and Kilpatrick is sitting in a Federal prison for corruption.
Well, his wife is down in Dallas, where hubby is in prison, and apparently, she took the same accounting course as hubby and other politicians in Detroit.
From the Detroit Free Press: With her husband behind bars, Detroit’s former first lady, Carlita Kilpatrick, has fallen on hard times in Texas, losing her job and her lease on the family’s extravagant 5,000-square-foot home in suburban Dallas.
According to neighbors, some of the Kilpatricks’ furniture and numerous household belongings were out on the curb on trash pickup day last Monday, three days before the family officially moved out of the five-bedroom home they rented for $2,600 a month in Grand Prairie. According to Dallas real estate agent Will Butler, Carlita Kilpatrick was not evicted, but the owner of the house chose not to renew her lease. Butler did not elaborate, stating only that the house is now on the market to be leased again, this time for $2,799 a month....
Carlita Kilpatrick, however, did not attend any of the trial, except for closing arguments. She was back in Texas, raising her sons in the 5,016-square-foot home that the family moved into nearly two years ago. It was bigger than the Manoogian mansion, and an upgrade from the Texas home in which the Kilpatricks had previously lived. The move to the larger home drew the ire of parole officials, who raised Kilpatrick’s restitution last year from $125 a month to $500 a month after concluding he could afford to pay more.
Kilpatrick, for example, had been paying more than $314 a month for cable — more than double his restitution payment — and $800 a month for a car.  http://www.freep.com/article/20130723/NEWS0102/307230082/carlita-kilpatrick-home-job
And her salary?
July has been a tough month for Carlita Kilpatrick. One week before she moved out of her house, she lost her $41,200 job working for the City of Duncanville, Texas, because, city officials said, she didn’t meet the job’s requirements.
Just her housing, cable and car payments are $3714 or almost $45,000 a year.
With politicians like Kilpatrick, who is unable to do math, no wonder Detroit is in such bad financial shape.