In response to:

Report: Yeah, Detroit Might Be Forced To Declare Bankruptcy

RiCkY.D. Wrote: Feb 21, 2013 2:33 AM
The people of Detroit get what they deserve it is really as simple as that, but I am guessing that Obama and Douchebags will come up with a bailout for Detroit that they know our feckless leaders of the republican party will literally nose dive into and PRESTO................ DETROIT WILL BE SAVED!

What happens when a city government tries to tax, spend, and borrow its way to prosperity? Hint: it goes broke:

A state-appointed review team has determined Detroit is in a financial emergency, paving the way for Republican Gov. Rick Snyder to appoint an emergency manager who would need to come up with a new plan to get the city out of its fiscal crisis.

The team released its findings Tuesday, saying in a report to Snyder that "no satisfactory plan exists to resolve a serious financial problem."

The review team pointed to the city's ongoing cash crisis, which have threatened...