Posted on 01/10/2012 6:25:40 PM PST by Clintonfatigued
The struggling U.S. city of Detroit is on track to run out of money in May instead of April after spending changes made by city officials, Michigan Treasurer Andy Dillon said on Tuesday.
Dillon addressed media following a two-and-a-half-hour meeting with a team that is looking at Detroit's financial picture and trying to assess whether the city needs an emergency manager to take over operations. It was the first time the 10-member team met since it was appointed last month.
He said Detroit's most urgent issue is figuring out how to arrest escalating retiree health care costs, and clean up a balance sheet laden in debt and interest costs. Detroit Mayor Dave Bing had earlier predicted it would run out of money in April if spending wasn't curbed.
"It's my understanding that April has been pushed back to May," Dillon said, noting that the mayor "needs concessions from labor to avoid running short of cash."
Dillon said the team met with a "sense of urgency...and there was also anger," because members of the team asked "how come we didn't know the numbers were this bad?'" he said.
(Excerpt) Read more at insightbb.com ...
Deeeeeee-troit ran out of money years ago. Smoke and mirrors and ripping off the taxpayers propped ‘em up.
If they need a new month, may I suggest calling it Thermidor, or perhaps Brumaire?
So they can last to May instead of April. This is hugh and warrants a lot of pats on the backs.
Same ol' same ol'. Typical lying 'rat bs. Just like obama--"we didn't know how bad it was." bs.
And in other news, Detroit still has money.
It still seems no good news seems to be coming from Michigan.
Money problems in a liberal democratic-party controlled paradise?
NAH!
“..Deeeeeee-troit ran out of money years ago. Smoke and mirrors and ripping off the taxpayers propped em up...”
::::::::::::::::::
This thread must be satire :-) Since when did Mo-Town have any money to run out of?? Another fascist GM takeover and union payback needed?? Until America has a real American president again (been a while) that will reshape the Marxist destruction of our capitalist machine, (one that actually produces GOODS AND SERVICES) that does not function under government mandate and funding, will we see Mo-Town again become a center for production and profit and tax revenues.
Funny thing is that I read a story the other day where they were blaming Jerome Cavanagh (the last white mayor) who left office in 1970. LOL
“It’s my understanding that April has been pushed back to May,” Dillon said”
Oh rapture, we’ve been saved! Another whole 30 days, now that calls for a celebration. Detroit is just like the Post Office, No one wants to live there anymore, but the PE unions just want to ignore that fact. They probably don’t have the money to bulldoze the ten square miles of derelict homes so that it can be turned back into farmland. Maybe the Muzzies over in Dearborn can help out and use the land to raise halal goats or something like that!
“Funny thing is that I read a story the other day where they were blaming Jerome Cavanagh (the last white mayor) who left office in 1970. LOL”
Wrong guy, it was Coleman Young who was mayor for twenty years or so that pushed the city over the edge.
Retroactive Satire?
(What year was the last year that the place had a prayer of surviving? Didn’t they already start bulldozing to try and increase property values? Haven’t I already seen 4 and 5 bedroom homes for $1,000 there?)
TT
Coleman Young, Dennis Archer, Kwame Kilpatrick and a whole slew of city council crooks including Monica Conyers.
Yet they still think socialism is good and 0bamao hung the moon, I guess.
Shocker. Razz the place and start over with 50s style diners and no welfare.
Very good thread. Interesting. Tick, tick, tick, tick...
(tsk...root cause...socialism)
http://www.youtube.com/watch?v=Xj2h0LSTY3U&feature=related
CURE: Dismantle everything socialist.
Chances are the residents of the city are going to end up moving to other places and terrorize the taxpayers in those cities and end up draining the areas of their resources.
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