[Olog-hai]

So when do they sell Detroit to FIAT?

[umgud]

pingy

[cripplecreek]

My only wish is that we had passed the tougher emergency manager law.



Michigan legislative action thread

[icwhatudo]

I refuse to pay all my debts.
Woohoooo! I’m no longer in debt!

Brilliant...smh

[clearcarbon]

"Kevyn Orr: Detroit’s financial emergency over"

I've heard or read that repeatedly since the 1967 riots.

[MV=PY]

"reflects the elimination of about $7 billion in debt"

Sort of the opposite of "spreading the wealth?"

[ChildOfThe60s]

Even though I was 62 on my last birthday, with restructuring I will be 40 on my next.

[Secret Agent Man]

I don’t believe it’s over.

[HamiltonJay]

What a crock, Pittsburgh has been under state control for a decade if not more now because its finances were screwed by democrats and their cronies, and its nowhere near the size of Detroit, but we are to believe Detroit is okay after just a year or two?

What a joke.... they’ll be right back in the courts inside of a decade once court forced oversight ends.

[fhayek]

The funny thing is, the minute these municipalities get rid of their control board, they pick up right where they left off.

[RetiredTexasVet]

I think it will be a race to see whether Government Motors or Detroit returns to bankruptcy court first.

[WMarshal]

Those creepy-a$$ crackers sure know their math.

[Jimmy Valentine]

This does not address the root cause of the problem. The political heirs of Coleman Young are still there and waiting to get going again

[Impy]

With the local scumbags back in charge of the city’s finances it’s only a matter of time before it’s in trouble again.