Skip to comments.Opinions Mixed As State Takeover Looms In Detroit
Posted on 03/02/2013 1:19:41 PM PST by Sir Napsalot
.... Also among those who oppose the EFM (emergency financial manager) move is U.S. Congressman Gary Peters, who said hes deeply disappointed in the governors decision.
All of us agree that the city has serious financial challenges which must be addressed, however I fundamentally disagree with taking measures that disenfranchise the families I represent in Detroit, Peters said, in a statement. .....
Said (mayor) Bing on Friday, The governor has made his decision, and it was his decision alone to make. While I respect it, I have said all along that I do not favor an emergency Manager for the City of Detroit. I will look at the impact of the Governors decision as well as other options, to determine my next course of action. (Read his complete statement here).
Former city council member Sheila Cockrel said she realizes its a tough pill to swallow, but she believes an emergency financial manager is a necessity for Detroit.
Cockrel said a financial manager can do the job without the same constraints as local elected officials. However, she said an EFM cant do it alone.
(Excerpt) Read more at detroit.cbslocal.com ...
If I rememeber, it is calling on Obama to pay back the debt that Detroit got Obama elected.
Liberal policy makers “windmilling” over failed liberal policies. Does it get any better than this?
Unless the EFM (emergency financial manager) can tear up ALL the public union contracts and make the insane public union pension plans null/void...
There is no saving Detroit.
All they need to do is raise taxes on the rich and their problems are solved. /s
Why, it's the pride of America. It's where Chryslers are made.
You are absolutely right.
“The review team found Detroits cash-flow deficit is nearly $100 million. Thats on top of an accumulated deficit of $327 million. The city also has $14.9 billion worth of unfunded pension and employment retirement liabilities, according to the review team report. In five years, it needs $1.9 billion to begin making payments on the debt.”
The same situation no doubt repeated (repeating) elsewhere, Philly, Chicago being one of those.
That's like wishing for a root canal!
Humm...freeze union pay and benefits...police and fireman go on strike.. just let the natives burn it down...bulldoze whatever is still standing...
Sell it by the quarter acre. ...start again...
Union thugs start at 7.25 per hour...
“All they need to do is raise taxes on the rich and their problems are solved. /s”
Home of the 440 cubic inch engine...
The taxpayers of Michigan outside of Detroit must just love having to pay for this.
Who do you think has been paying for it?
Canada’s busiest border ping.
Does this mean the incompetents who ran the place into the ground would 'just prefer cash'? How charming.
I know, but now more of them know.
To all- please ping me to Canadian topics.
What’s needed is a ban on deficit spending. Borrowing can only be justified for capital projects where the asset outlasts the term of the loan.
FWIW up here it’s illegal for cities to run deficits.
New bridge info.
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