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
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I hope the best for Detroit
21/07/2013 06:21:36 AM
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In other news Ed Schultz may the dumbest man on TV
22/07/2013 01:55:28 AM
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Seriously?
22/07/2013 05:39:38 PM
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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
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