The Conservative Cave
Current Events => Politics => Topic started by: Chris_ on March 01, 2013, 02:16:40 PM
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Snyder to name emergency financial manager in Detroit
Citing runaway deficits and long-term debts Detroit could never repay on its own, Gov. Rick Snyder today pulled the trigger and announced he will appoint an emergency financial manager for the state’s largest city. Snyder said he has a top candidate in mind, and that person would be in charge for 18 months.
The decision means Motown will soon have a new boss in charge of restructuring Detroit’s dire financial mess. That restructuring likely will include drastic cuts in public services and a top-down rethinking of the type of government a shrunken city with a dwindling tax base can afford.
Detroit Free Press (http://www.freep.com/article/20130301/NEWS01/130301048/Snyder-name-emergency-financial-manager-Detroit-has-candidate-mind)
Way to go, Detroit.
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Detroit Free Press (http://www.freep.com/article/20130301/NEWS01/130301048/Snyder-name-emergency-financial-manager-Detroit-has-candidate-mind)
Way to go, Detroit.
Knew this was coming, no way it could be avoided.
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The DUmmies (http://www.democraticunderground.com/1014410964) are not pleased.
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Hi,
The ones who will raise the most hell will be the unions. :cheersmate:
Chicago will be there soon.
regards,
5412
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The DUmmies (http://www.democraticunderground.com/1014410964) are not pleased.
Hell, they wouldn't be happy with free ice cream and sex......nevermind, the government already furnishes them with free ice cream and sex and they ain't happy.
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Emergency manager: Detroit won't pay $2.5B it owes
http://www.breitbart.com/system/wire/DA6TK8FO1
Looks like bankruptcy for Detroit. No surprise there.
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He also said $1.25 billion will be set aside over 10 years for public safety, lighting and neighborhood blight elimination.
blight elimination ???? Does that mean the city will be a big bonfire eventually ? :whistling:
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blight elimination ???? Does that mean the city will be a big bonfire eventually ? :whistling:
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The city is paying private contractors something like $10,000 apiece to knock down abandoned houses.
The deer probably like it. Too bad for the crackheads, though... they can always move to Chicago.
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EMERGENCY MANAGER: DETROIT WON'T PAY $2.5B IT OWES
Emergency manager says the city is defaulting on about $2.5 billion of debt.
Kevyn Orr said Friday that Detroit is asking creditors to take about 10 cents on the dollar of what they're owed. Underfunded pension claims will get less.
Link to AP Article (http://www.breitbart.com/system/wire/DA6TK8FO1)
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Aaaand another group of pensioners gets a haircut. They should put The Golds in charge. They are making a killing while Detroit is going bankrupt...and becoming a desolate wasteland...
And They Have Their Own Reality TV Show ! (http://www.trutv.com/shows/hardcore-pawn/index.html)
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Aaaand another group of pensioners gets a haircut. They should put The Golds in charge. They are making a killing while Detroit is going bankrupt...and becoming a desolate wasteland...
And They Have Their Own Reality TV Show ! (http://www.trutv.com/shows/hardcore-pawn/index.html)
I wonder how much of their stuff is stolen goods.
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I wonder how much of their stuff is stolen goods.
What are you missing that you are shopping for ?