Joe Harris is the former Detroit Auditor General and EM for Benton Harbor.
Harris on why he thinks Detroit went bankrupt:
“It all starts with the mayors, the mayors have to pay attention to their own forecast,” says Harris. He believes that everything in Detroit started to unravel around the time former Detroit Mayor Dennis Archer’s term ended. It was after that, Detroit’s mayors started to borrow.
When Harris reflects on his time as Auditor General for Detroit, he says he can recall predicting that the city would run out of money by 2010. “Detroit borrowed about a billion dollars to continue to spend more than they were receiving,” he says.
Audio of the full interview: