Detroit's austerity playbook is bankrupt, and coming to Chicago next. by This Is Hell!

Municipal finance analyst Saqib Bhatti debunks the economic logic of Detroit's austerity playbook, explains why bankruptcy solves the problems of creditors, not citizens, and makes the case that American cities need to raise taxes on the rich, not strip-mine themselves of capital.

Saqib wrote the feature "Why Chicago Won’t Go Bankrupt—And Detroit Didn’t Have To" for In These Times.

http://inthesetimes.com/article/18096/a_scam_in_two_cities

Saqib Bhatti is a fellow at the Roosevelt Institute and the Director of the ReFund America Project.

http://www.refundproject.org/