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Bankrupt Quote by Mitt Romney

“Let Detroit go bankrupt.” quote by Mitt Romney
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“Let Detroit go bankrupt.”

Mitt Romney

About This Quote

Source Speech: 2012 Republican National Convention, 2012

Proposing bankruptcy for Detroit suggests radical economic reset to address fiscal crisis.

In simple terms: Bankruptcy as a reset.

Key Takeaway

Consider bold solutions.

Themes

economics policy urban decline

Mood

critical serious

Type

political economic

When to use this quote

  • city budgeting
  • policy reform
  • community redevelopment
  • financial planning

Key Concepts

fiscal restructuring public debt

Questions to Reflect On

  • Is bankruptcy the only option?
  • What alternatives exist?
A Different Perspective

Bankruptcy can cause severe social hardship.

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