Pro-Democracy Movement Rises Against 'Disaster Capitalism' in Detroit

[HiPointDem]

113. the other two candidates had different opinions about detroit's financial situation.

Lisa Howze, a former state representative who’s a certified public accountant, said today that Detroit’s immediate debts and liabilities amount to “about $2 billion,” a figure she said is manageable without an emergency financial manager who could usurp elected local control of the city. She said the state review team...pulled forward 25 years of long-term employee retirement obligations and included other debts to “make Detroit’s financial situation today look worse than it actually is” with $14 billion on long-term liabilities.

“The agenda that’s at play is to justify the need for an emergency manager,” Howze said. “The more bleak that they could make the city’s financials appear, the more public support you can earn for why Detroit deserves an EM or an EFM.”

Howze’s allegations jibe with similar arguments made by another candidate for Detroit mayor, the city’s former top lawyer, Krystal Crittendon. Crittendon also accused the state of wrapping in bond debt that’s the separate responsibility of the city’s water department – debts that she says the water department will have no problem paying off. She also said the state is sabotaging Michigan cities.

“The state eliminated revenue sharing for all Michigan cities, causing all cities, not just Detroit, to experience financial distress,” Crittendon said. “Moreover, the state used federal stimulus money to bail itself out, and now enjoys a billion and a half dollar surplus, while cities across the state are suffering.”

http://www.freep.com/article/20130227/NEWS01/130227060/Lisa-Howze-Detroit-mayor-candidate-says-city-s-debt-is-manageable-without-EFM


Dave Bing was the corporate candidate; he's hand-in-glove with the Ford family and people of that ilk. He's their comprador, and colluding in the take-down.

Which is why it's funny to hear the posters saying how 'corrupt' the present government is. Well, yes, it is -- but not in the way they claim.


AKA David Bing
Born: 24-Nov-1943
Birthplace: Washington, DC
Gender: Male
Race or Ethnicity: Black
Occupation: Basketball, Business
Party Affiliation: Democratic
Executive summary: NBA Hall of Famer, Detroit mayor

Mayor of Detroit (2009-)
The Bing Group Founder (1980-)
Member of the Board of Cardinal Health (2000-05)
Member of the Board of DTE Energy (1985-2005)
Member of the Board of Lear (1999-)
Member of the Board of Steelcase
Bill Bradley for President
Democratic Congressional Campaign Committee
Detroit Economic Club Board of Directors
Detroit Renaissance Board of Directors
Obama for America
Restoring the American Dream

http://www.nndb.com/people/850/000166352/


Detroit renaissance board:

http://www.nndb.com/org/244/000125866/


Detroit is and has been corrupt because that's how the captains of industry like it. If they'd wanted it different, it has always been within their power. Corruption is good when you want to take something over.