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Detroit: Training Ground for future DC Politicians (Stirrin the BS)

- by - February 20, 2013 - 20:14 America/New_York - Be first to Comment!

minime

After spending weeks looking at the city’s books, the independent review team released a report Tuesday saying Detroit’s deficit could have reached $900 million last fiscal year had it not borrowed enormous amounts of money. The city’s long-term liabilities, including underfunded pensions, are more than $14 billion.

The report also said the city’s bureaucratic structure makes it difficult to solve the financial problems.
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Oh look, Detroit is DC’s mini-me!

Read full article: Detroit: Training Ground for future DC Politicians (Stirrin the BS)

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