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America's Fiscal Stupidity Mirrors Detroit

cdracka Wrote: Mar 02, 2013 8:54 AM
The trouble is..... it took a few years to actually get the emergency manager. Everybody EXCEPT Snyder was tiptoeing around the unions and that moronic City Council. (Granholm install an emergency mgr????? are you kidding???) ...and he did it on the day of the sequester.... for a non politico, Rick Snyder is a brilliant politician!!! Kudos, Rick!!! Timing is everything... just like Mi. RTW !!!!!!!!

It’s fitting that on the day Washington, DC is cutting the budget by an agreement that they really didn’t mean, that the city of Detroit will finally get what’s it has needed for a long time: declaration of fiscal disaster.

Michigan’s Rick Snyder has appointed an emergency city manager to do for Detroit what Obama, Biden, the UAW, GM, Chrysler, the city’s council and mayor have not been able to even with a $80 billion bailout of the automotive industry.

“Snyder’s decision comes after a state review team report concluded last week that Detroit is in a financial...