Detroit isn't circling the drain because of Kilpatrick, as corrupt as he was; the problem is fundamentally the cumulative effect of decades of reasonable if ult

Detroit isn't circling the drain because of Kilpatrick, as corrupt as he was; the problem is fundamentally the cumulative effect of decades of reasonable if ultimately irresponsible decision making. I liked the freep article a lot; I was surprised by how little approbation Young came in for, all taken with all. There's a fairly serious principle-agent problem in elected government; I'm not sure how you get around things like e.g. Detroit's pension fund throwing the 13th check around, or US Representatives trying to force the US Treasury into default, given that the incentives for more long-term thinking just aren't there.