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In Four More Years We'll Be Detroit

lcarlson Wrote: Nov 17, 2012 1:37 PM
When they cannot pay their bills, their mortgage or put food on the table they will suddenly see the light but unfortunately they will blame Dubya.

From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.     

One prominent Detroit attorney, however, is facing the future of the Motor...

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