Question.2568 - Final Project OverviewReview the Learning Resources regarding the Detroit bankruptcy information as well as the sins described in “The 7 Deadly Sins of Public Finance” article. Write a 5- to 7-page paper, not including Title page and References list, addressing the following 3 parts: • Part 1: Describe and discuss two major factors that led to the City of Detroit’s bankruptcy. Relate these factors to specific concepts covered in this class. • Part 2: Assess which of the seven deadly sins discussed in “The 7 Deadly Sins of Public Finance” article were present in the Detroit case. Support your assertions with the Learning Resources and/or other scholarly sources. • Part 3: Reflect back to your Week 1 rankings of the seven deadly sins discussed in “The 7 Deadly Sins of Public Finance” article and the topics covered in this course. Then re-rank the seven sins anew from worst (i.e., the least forgivable) to best (i.e., the most easily forgiven). Defend your rationale and discuss the reasons for any changes from your rankings in Week 1. Be sure to support your Assignment with specific references to the Learning Resources and peer-reviewed sources from the Walden library and/or the internet. Use proper APA format and citations, including those in the Learning Resources.
Answer Below:
Part xxxxx have xxxx a xxxxxx of xxxxxxxx which xxxxxxxxxxx to xxx growth xx the xxxxxxxxxx of xxx City xx Detroit xx is xxxxxxxxx with xxx lack xx financial xxxxxxxx which xxxxxxxx in xxx hardening xx the xxxxxxxxx conditions xx the xxxx and xxxxxxxx in xxx ultimate xxxxxxxxxx First xxx long xxxx debt xx the xxxx started xx rise xxx city xxx around xxxxxxx worth xx debt xxxxx would xx creating xxxxxxxxxxx issues xxx the xxxxxxx of xxxxxxxx the xxxxxxxx and xxxxx liability xxxxxxx for xxx city xxxx a xxxxxxxxxx and xxxxxx debt xxxxxxxx the xxxx could xxx maintain xxx manage xxx financial xxxxxxxxx in xxxxx of xxxxxxx with xxx work xxxxxxxxx in xxx right xxxx of xxxxxxxxx Bailey xxxx kind xx debt xxxxxxxx would xx creating xxxxxxxx in xxxxx of xxxxxxxxx of xxx debt xxx way xx which xxx city xxxxxxxxx to xxxxxxxx its xxxx positions xxxxxxx troubles xxx the xxxxxxxxx of xxx debt xxxxxxxx liabilities xxxxx with xxx payment xx the xxxxxxxxx amount xx the xxxx would xx creating x burden xxx managing xxx liquid xx the xxxxxxxxxxxx Without xxx process xx reducing xxx overall xxxxxxxxx needs xx the xxxx the xxxxxxxx debt xxxxxxxx of xxx organization xxxxxxxxx to xxxxxx the xxxx term xxxxxxxx of xxx needs xx the xxxxxxxxxxxx Bailey xx created xxxxxxxxxx in xxxxx organizational xxxxx in xxxxx of xxxxxxx with xxx financing xxx timely xxxxxxxxx of xxx debt xxx city xxxxx not xxxxxxxxx ways xx which xxxxxxxxxx reduction xx the xxxx position xxxxx be xxxxxxxx and xxxxxxx Effective xxxxxxxxx of xxxx positions xxxx for xxxxxxxxx of xxx overall xxxxxxxxx outlay xx the xxxxxxxxxxxx This xxxxx for xxx assessment xx the xxxx in xxxxx the xxxxxxxxxxxx would xx able xx reduce xxx planned xxxxxxxxxxx and xxxxxx ways xx which xxxxxxx from xxx budget xxxxx be xxxx for xxxxxx payment xx the xxxxxxxx debt xxxx there xxxxxxxxx OF xxx PAPER xx be xxxx in xxxxx debt xxxxxxxxx of xxx city xxxxx be xxxxxxx in x clear xxxxxx for xxx purpose xx dealing xxxx the xxxxxxxxx of xxx financial xxxxxxxxx Fisher xxxxxxx none xx the xxxxx undertaken xx the xxxx ensured xxxx there xxxxx be xxxxxxxxxx reduction xx the xxxx position xx the xxxxxxxxxxxx The xxxx failed xx undertake xxxxx crucial xxxxx to xxxxxx that xxx financial xxxx would xx resolved xxxxxxxxxx pressures xxxx not xxxxxxx in x clear xxxxxx Fisher xxxxxx pension xxxxx have xxxxxxx an xxxxxxxxxxxx impact xx the xxxxxxxxx position xx the xxxx It xx connected xxxx the xxxxxx related xx provisions xxxxx the xxxx has xx create xxx managing xxx pension xxxxxxx Without xxx presence xx effective xxxxxxx funds xxxxxxx the xxxx was xxx able xx handle xxx long xxxx stability xx its xxxxxxxx Hillman xxxxxx liabilities xxxxxxxxx with xxx pension xxxxx meant xxxx the xxxxxxxxxxxx was xxx able xx handle xxx continuous xxxxxxxx of xxx financial xxxxxxxxxxxxxxxx which xxx needed xxx sustaining xxx work xxxxx In xxxxx of xxxxx challenges xxx city xxxxx not xxxx and xxxxxxx effective xxxxxxxxxx which xxx connected xxxx the xxxxxx of xxx long xxxx assessment xx the xxxx needs xxxxxxx funds xxx likely xx create xxxxxx for xxxxxxxx financial xxxxxxxxx for xxx organization xxx these xxxxxxx would xx impacting xxx ability xx the xxxx to xxxxxxxx control xxxx the xxxxxxxxx stability xxxxxxx Without xxx presence xx ways xx which xxxxxxx funds xxxxxxxxx would xx controlled xxxxx will xx serious xxxxxxxx in xxxxx dealing xxxx the xxxx term xxxxxxxx of xxx financial xxxxxxx of xxx city xxxx TITLE xx THE xxxxx nbsp xxxx nbsp xxxx nbsp xxxx The xxxx of xxxxxxx followed x number xx strategies xxxxx ultimately xxx to xxx bankruptcy xxxxxx financing xxxx have xx be xxxxxxx in x careful xxxxxx else xxxxx will xx serious xxxxxx in xxxxx of xxxxxxxx the xxxxxxx of xxx financial xxxxxxxx Without xxx engagement xx the xxxxxxxxx positions xx areas xx dealing xxxx financial xxxxxxx the xxxxxxxxxxxxx would xx facing xxxxxxxx to xxxxxx the xxxxxxxxxx of xxx long xxxx handling xx the xxxxx of xxx organization xxxxx the xxxx did xxx undertake xxxxx to xxxxxxxxxx the xxxx term xxxxxx of xxxx debt xxxxxxxxx It xxxxxx at xxx process xx which xxxx positions xxxxxx the xxxxxxxxxxxx would xx creating xxxxxx for xxx purpose xx dealing xxxx the xxxxxxx of xxx work xxxxx Shoup xxxx the xxxxxxxxxxxx would xx facing x rising xxxx position xx would xx facing xxxx term xxxxxxxx in xxxxx of xxxxxxxx the xxxxxxxxx of xxx interests xxx overall xxxxx of xxxxxxxx the xxxxxxx of xxx financial xxxx nbsp xxxx nbsp xxxx nbsp xxxx Clear xxxxxxxxxx of xxx long xxxx consequences xx the xxxx would xx necessary xxxx is xxxx of xxx process xx which xxx city xxx to xxxxxxxxxx the xxxxxx in xxxxx debt xxxxxxxxx would xxxx to xx liquidated xxxxxxx the xxxxxxxxxxxx did xxx undertake xxxxx to xxxx with xxx long xxxx improvement xx the xxxxxxxxx controls xxxxx were xxxxxxx for xxxxxxx with xxx large xxxx positions xxxxx nbsp xxxx nbsp xxxx nbsp xxxx Second xxx city xxx not xxxx its xxxxxxxx in xxxxx of xxxxxxxx the xxxxxxxx and xxxxxxxxxxxxxx management xxxx of xxxxxxxxx prudence xxxxx that xxx city xxxxxxxxx to xx involved xx a xxxxxx of xxxxxxxxxx Such x system xxxxxxx issues xxx the xxxxxxx of xxxxxxxx control xxxx the xxxx operations xxxxxxxx All xxxxx elements xxxxx be xxxx for xxxxxxxxx the xxxxxxx in xxxxx long xxxx management xx financial xxxxxxxxxx would xx followed xxx engaged xxxxx OF xxx PAPER xxxx nbsp xxxx nbsp xxxx nbsp xxxxxxx planning xxx the xxxxxxxxxx within xxx variety xx infrastructure xxxxx of xxx city xxx financial xxxxxxxxxx of xxx city xxxx kept xxxxxx a xxxx This xxxxxxxx in xxxx of xxxxxxxx connected xxxx the xxxxxx of xxxxxxxxx assessment xx the xxxxx of xxx city xxxxx had xxxx issues xxxxxxx to xxx promotion xx proper xxxxxxx of xxxxxxxxxx of xxxxxxxxx planning xx the xxxx entered xxxx a xxxxxx of xxxxxxxxx infrastructure xxxxxx which xxxxx not xxxxxxx effective xxxxxxxxx recoveries xxx financial xxxxx of xxx city xxxx into x state xx doldrums xxxx nbsp xxxx nbsp xxxx nbsp xxxxx there xxxxxx be xxxxxxxxxx of xxxxxx planning xx areas xx dealing xxxx effective xxxxxxx management xxxxx Substantial xxxxxxxxx allocations xxx likely xx be xxxxxx upon xxx financial xxxxxx of xxx city xx manage xxx uphold xxxxxxx liabilities xxxxxxxx In xxxx a xxxxxxxxx there xxxxx be x necessity xxx enhancing xxx ways xxx systems xx which xxxx term xxxxxxxxx of xxx quality xx the xxxx targets xxxxx be xxxxxxxx All xxxxx elements xxxxx be xxxx for xxxxxxxxx the xxxxx kind xx assessment xx the xxxxxxx of xxx work xxxxxxxx in xxxxx of xxxxxx financial xxxxxxxxxxx for xxxxxxx the xxxxxxx liabilities xxxx nbsp xxxx nbsp xxxx nbsp xxx city xxxxxxx did xxx provide xxxxxxxx provisions xxx the xxxxxxx of xxxxxxx with xxx expected xxxxxx pension xxxxxxxxxxx of xxx organization xxxx meant xxxx the xxxxxxxxxxxx was xxx in xxx position xx deal xxxx the xxxxxxx of xxx liabilities xxxxxxx from xxxxxxx claims xxxxxx In xxx light xx these xxxxxxxxxxxxx the xxxx could xxx maintain xxxxxxxxx control xxxx the xxxxxxx and xxxxx to xxxxxx pension xxxxx Part xxxx nbsp xxxx nbsp xxxx nbsp xxx order xxx the xxxxx deadly xxxx would xx engaged xx this xxxxxx First xxxxx would xx a xxxx for xxxxxxxx in xxxxxxxxx pension xxxxxxxxxxx Pension xxxxxxxxxxx would xx crucial xxxxxxxx OF xxx PAPER xxxxxxx with xxx control xx the xxxx term xxxxxxxxx of xxx organizational xxxx needs xxxxx elements xxxxx be xxxx of xxx process xx which xxxxxxxx needs xx the xxxx run xxxxx be xxxxx care xx nbsp xxxx nbsp xxxx nbsp xxxx Second xxxxx would xx a xxxx for xxx adoption xx the xxxxxxxxxxxxx of xxx consequences xx specific xxxxx Government xxxxxxxx would xxxx to xxxxxxxx the xxxxxxxxx impact xx deals xxxxx they xxx likely xx enter xxxx This xxxxx be xxxxxxxxx to xxxxx falling xxxx financial xxxx which xxx contribute xx its xxxxxxxxxx Tresch xxxx nbsp xxxx nbsp xxxx nbsp xxxxx there xxxx be xxxxxxxxxxx for xxxxxxxx budget xxxxxxx the xxxx for xxxxxxxx one- xxxx fixes xx such xxxxxxxxxxx and xxxx term xxxxxxxx for xxx solutions xxxxx be xxxxxxx One- xxxx fixes xxxxx create xxxxxxxxxx in xxxxx sustainability xx the xxxxxxxxx would xx put xx risk xxxx nbsp xxxx nbsp xxxx nbsp xxxxxx the xxxxxxx of xxxxxx in xxx much xxxxx have xx be xxxxxxx This xx necessary xxx ensuring xxxx the xxxxxxxxxxxx would xx able xx deal xxxx financial xxxxx and xxxxxx in x careful xxxxxx All xxxxxxxx of xxx financial xxxxxxxx would xxxx to xx managed xx a xxxxx manner xxxxx elements xxxxx be xxxx for xxxxxxxxx the xxxxxxx of xxxxxxxxx solutions xxxxx the xxxxxxxxxxxx would xx managing xxxxxx nbsp xxxx nbsp xxxx nbsp xxxx Fifth xxx process xx making xxxxxxxxxxx assumptions xxx assessment xx the xxxxxxxx returns xxxxx have xx be xxxxxxx When xxxxxx financing xx dependent xx unreasonable xxxxxxxxxxx about xxxxxx expected xxxxxxx it xxxx create xxxx and xxxxx within xxx budget xx such xxxxxxxxxx there xxxxx be xxxxxx in xxxxx of xxxxxxx with xxx protection xx the xxxx term xxxxxxxxx of xxx organization xxxxx OF xxx PAPER xxxx nbsp xxxx nbsp xxxx nbsp xxxxx ignorance xx the xxxxxx and xxxxxxxx of xxx budgeting xxxxxxx would xx crucial xxxxxx city xxxxxxxx will xxxx to xxxxxx windfalls xx a xxxxxxx manner xxxxxxxx usage xx windfalls xxxxx blow xxxx the xxxxxxx of xxxxxxxxxx agencies xx correct xxxxx course xx actions xxx manage xxxxxx work xxxxxxx These xxx ways xx which xxxx of xxxxxxxxx imprudence xxxxx be xxxxxxx and xxxxx would xx sustainability xx areas xx managing xxx work xxxxxxxx nbsp xxxxx OF xxx PAPER xxxxxxxxxxxxxxxx S xxxxxxxxx public xxxxxxx Bloomsbury xxxxxxxxxx Fisher x C xxxxx and xxxxx public xxxxxxx Routledge xxxxxxx A x Public xxxxxxx and xxxxxx policy x political xxxxxxx perspective xx the xxxxxxxxxxxxxxxx and xxxxxxxxxxx of xxxxxxxxxx Cambridge xxxxxxxxxx Press xxxxx C xxxxxx finance xxxxxxxxx Sandford x T xxxxxxxxx of xxxxxx finance xx economic xxxxxxxx of xxxxxxxxxx expenditure xxx revenue xx the xxxxxx Kingdom xxxxxxxx Tresch x W xxxxxx finance x normative xxxxxx Academic xxxxxMore Articles From Finance
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