Bankruptcy May Be the Only Relief for Detriot & State.
- The city is already being razed into farmland.
- Will Obama bail out his people?
- Not a wise move during election year, when earlier bailouts were scandalous.
- The bankruptcy trustee would be fair and ruthless. The only solution.
- If the city cannot pay its obligations, services will demand cash before delivery, meaning shut down all services, such as water, electricity, gas, and other vendors who make the city operate.
- California's Los Angeles and Oakland are cities facing similar financial problems.
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Mlive by Jonathan Ousting.
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