Unfortunately, I don't know if their low revenue issues will allow for low corporate and industrial taxes that would be required to bring new jobs to Detroit. Bankruptcy will wipe out a lot of the debt but won't fix the revenue and spending issues they have. This is a temporary solution that will allow them to keep the lights on but longer term solutions are needed to bring employment to that area.
Case study of liberal policy - Detroit files for bankruptcy -
- 21/07/2013 05:24:55 AM
769 Views
I hope the best for Detroit
- 21/07/2013 06:21:36 AM
393 Views
In other news Ed Schultz may the dumbest man on TV
- 22/07/2013 01:55:28 AM
572 Views
Seriously?
- 22/07/2013 05:39:38 PM
631 Views
so th e massive debt from over generous and under funded public sector union contracks did cause it? *NM*
- 23/07/2013 12:57:58 AM
195 Views
