Gov. Rick Snyder of Michigan Declares Fiscal Emergency in Detroit

[Mira]

This discussion thread was locked as off-topic by NancyBlueINOklahoma (a host of the Latest Breaking News forum).

Source: New York Times

BREAKING NEWS Friday, March 1, 2013 12:24 PM EST

Gov. Rick Snyder of Michigan Declares Fiscal Emergency in Detroit

Gov. Rick Snyder of Michigan announced on Friday that the city of Detroit is so snarled in financial woes that the state must appoint an emergency manager to lead it out of disaster.
“It’s time to say we should stop going downhill,” Mr. Snyder told Detroiters in a town-hall-style meeting that was broadcast live on local television stations across the city.
He later added, “Today is a day to call all hands on deck.”
The state-appointed manager, who could be selected later this month, would ultimately wield powers aimed at swiftly turning around the municipal government’s dire circumstances — powers to cut city spending, change contracts with labor unions, merge or eliminate city departments, urge the sale of city assets and even, if all else failed, to recommend bankruptcy proceedings.




Read more: http://www.nytimes.com/2013/03/02/us/michigan-appoints-emergency-manager-for-detroit.html?emc=na

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[Demeter]

1. If the city has been in trouble since BEFORE the 1967 Riots

why does it take 46 years to declare an emergency?

I'm just asking as a native born and raised there....and present during the rioting.

[Mira]

3. It is so heavy on my heart. I've never been in the city of Detroit. But I have

studied the photos of what has happened there and I can't fathom it.
I simply can't.
It is so wrong on so many levels.

[upaloopa]

2. Sell city assets to the friends of the Kochs

No bid no problem

[Demeter]

4. The only assets left are Belle Isle and acres of arable land

and Snyder wants a State-built bridge to rob the Ambassador's traffic.

[AnotherMcIntosh]

5. Could the city and its residents have otherwise benefited if the laws had not been changed to

enter into "free-trade" agreements by which manufacturing jobs were shippped to foreign countries?

So called free-trade agreements have benefited the international super-rich at the expense of American workers.

Which politicians did this?

[OKNancy]

6. duplicate topic - locking

http://www.democraticunderground.com/1014411916