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Eye on the World: 'Motor City' bankruptcy
Last week, the US city of Detroit, Michigan, finding itself $18.5 billion in debt and unable to negotiate with creditors, filed for bankruptcy protection. The city is the largest in US history to do so, and it must now find ways to spend far less money without practically eliminating crucial social services. Michigan governor Rick Snyder and bankruptcy specialist Kevyn Orr, who will oversee the process, believe they can steer Detroit out of bankruptcy in a little more than a year, but knotty financial issues — such as what to do about unfunded public pensions — will have to be worked out first.
It’s important for Detroit to find a path to a firm financial footing; but for those of us not in a position to pore over balance sheets or influence policy, is there something we can do to help? There is. Our prayers for the economy can help everyone to gain a better understanding of God’s government, which in turn leads to solutions to economic problems.
“Detroit, bankruptcy, and hope for the future,” written by a Christian Science practitioner living near Detroit, offers a good place to start. The author points out that the power behind any period of transformation is God, who “knows our needs before we ask and provides an environment in which we all can thrive.” When we recognize this spiritual fact, it quiets fear and allows fresh ideas and previously unseen sources of supply to come to light.
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