Thursday, July 18, 2013

Detroit Files For Bankruptcy

No surprise there.  It's been run by Democrats for decades.  They do nothing but spend money.  It doesn't matter if you feed your family.  The crumbs you get from the Dems should suffice! Other municipalities are filing.  And if we keep on the path the Obama Administration is taking will America!

'Shocker': Detroit Files Bankruptcy

‘Shocker’: Detroit Files Bankruptcy
Detroit has filed the largest municipal bankruptcy case in U.S. history, following a decades-long free-fall that has transformed the “Motor City” – the “Auto Capital of the World”, as it were – into an urban ruin.
The 16-page request was filed Wednesday in the U.S. Bankruptcy Court in Detroit. Ironically, the UAW was unavailable for comment. ["Crickets."]
As reported by The Detroit News,  Michigan Governor Rick Snyder’s office was making plans Thursday afternoon to hold a Friday morning news conference to announce the city’s decision.
Under state law, Snyder is required to approve the [Chapter 9] filing. As of Wednesday, Snyder said he had not received any such request from Detroit Emergency Manager Kevyn Orr. Sources close to the governor said the situation is fluid – adding that Snyder “intends to study Orr’s recommendations and related documents ‘for a couple of days’ before making his decision.”
Yeah, good luck with that, governor, what other choice do you have?

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