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The Detroit City Council passed a resolution today calling for a $10-billion bailout for the city of Detroit.Council President Pro Tem JoAnn Watson sponsored the resolution to use the money for public service employment, to fund mass transit plans and to place a moratorium on home foreclosures for two years.The resolution specifically requests the council meet with Mayor Ken Cockrel Jr., Gov. Jennifer Granholm, the state’s congressional delegation, U.S. House Speaker Nancy Pelosi and officials from President George W. Bush’s office and President-Elect Barack Obama’s transition team.Watson said she fully supports mayors from Warren, Sterling Heights, Livonia and Dearborn meeting with representatives from Granholm’s office, the state’s congressional delegation, the Michigan Economic Development Corp., the Southeastern Michigan Council of Governments and the Michigan Municipal League, seeking federal redevelopment funding for communities facing huge losses in property tax revenue affected by looming plant closures.But, she said, “The city of Detroit has got to be leading the way on this.â€
No, the initial bailout wasn't a slippery slope...you conservatives are over-reacting..
No one likes to be told "I told you so", smartass.
Correction: I just read the gas prices going up thread....make it a Prius.
Prius hell!I want one of them rovers that runs on High sulpher coal and spotted owl feathers!!
I drive 40 miles each way for my job....I do not want a gas guzzler.
Talk about flushing money down the toilet. They'll probably get it too. LinkDetroit leading the way on anything is a joke. At least anything that anyone would want.
Leading the way on handouts? That should be expected. But Chicago will bump them out of line, once the new thug fuhrer takes control.
CHICAGO (WLS) -- Chicago Mayor Richard Daley is painting a bleak economic future for the city as executives in the private sector talk of more layoffs.Mayor Daley says many business executives have warned him that they will have to lay off large numbers of people over the next year if the economy does not improve.Last month, the mayor unveiled plans to lay off nearly 1,000 city workers and eliminate 1,300 positions to close a $369 million budget deficit. The mayor says things could get worse, but Alderman Bernie Stone insists the city will continue to work."Cities live on our money, and the cost of interest can bury a city. And the fact that we have got a good bond rating means that we don't bury ourselves with interest," said Ald. Stone.[quote/]Link