» News
Detroit Shoots Itself in the Foot
Somehow, Detroit always manages to find new forms of self-sabotage, even as it’s set to run out of funds before the end of the year. The state government has promised to send the city $30 million in installments over the next few months, but only if Detroit agrees to take steps to get its finances in order. But yesterday, the City Council voted against hiring a legal firm to assist with the city’s financial stability agreement.
Mayor David Bing has already condemned the decision, warning that it threatens to push the city toward bankruptcy. Reuters reports:
The rejection “means the city will not receive the first $10 million scheduled for release today,” said Mayor Dave Bing in a statement issued right after the vote.
Mayor Bing said the rejection of the contract will make it more difficult for Detroit to maintain positive cash flow.
hanoverfist
November 22nd, 2012
Comming this Spring,
From Sony Pictures:
“Escape From Detroit.”
Dr. Tar
November 22nd, 2012
Detroit you voted for them, these are the people you put in charge of your city. Now watch them put you on the rocks. Don’t worry though the Socialist are going to drive the whole country on to the same shoals, so we’ll all be joining you soon.
DaveVA
November 22nd, 2012
You made your bed….no sleep
Tim
November 22nd, 2012
Why would Detroit have to hire a legal team?
I live in a town of 700 and there’s a lawyer on retainer.
jbinnout
November 22nd, 2012
TV adds during the world series and during today’s football game are running touting this great city. The ending question of the add asks, “What does opportunity look like? Detroit!”
Bwaaaaaaahaaaaaaahaaaa!!
Carlos The Jackal
November 22nd, 2012
They’re concerned about all the ‘irregularies’ that will show up when an outside legal firm comes in to audit the city’s finances.
Edith McCrotch
November 22nd, 2012
Because with an outside legal firm they wouldn’t be able to line their and their friends pockets easily.
Morons, thieves, or just damn lazy.
Ricky
November 22nd, 2012
I say let them fail..
serfer62
November 22nd, 2012
Detroit! Burn it…oh, wait
Ten Megaton
November 22nd, 2012
Just bulldoze the whole goddamn place.
chappy
November 22nd, 2012
just the right place for a JJJr. “return to glory”
chappy
November 22nd, 2012
mayorship -sheeeeit.