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Detroit Shoots Itself in the Foot

Home - by - November 22, 2012 - 15:00 America/New_York - 12 Comments

American Interest

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.

 

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» 12 Comments

  1. hanoverfist

    November 22nd, 2012

    Comming this Spring,
    From Sony Pictures:

    “Escape From Detroit.”

    Thumb up +5

     
  2. 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.

    Thumb up +3

     
  3. DaveVA

    November 22nd, 2012

    You made your bed….no sleep

    Thumb up +1

     
  4. 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.

    Thumb up +3

     
  5. 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!!

    Thumb up +5

     
  6. 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.

    Thumb up +6

     
  7. 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.

    Thumb up +4

     
  8. Ricky

    November 22nd, 2012

    I say let them fail..

    Thumb up +7

     
  9. serfer62

    November 22nd, 2012

    Detroit! Burn it…oh, wait

    Thumb up +3

     
  10. Ten Megaton

    November 22nd, 2012

    Just bulldoze the whole goddamn place.

    Thumb up +2

     
  11. chappy

    November 22nd, 2012

    just the right place for a JJJr. “return to glory”

    Thumb up +1

     
  12. chappy

    November 22nd, 2012

    mayorship -sheeeeit.

    Thumb up 0