Snyder will talk about Detroit finances at a town hall Wednesday

Full story: Michigan Radio

Governor Snyder speaks to a gathering of city managers in Benton Harbor, shortly after he signed expanded powers for emergency managers.
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1 - 6 of 6 Comments Last updated Mar 28, 2012
Skeeter

Belleville, MI

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#1
Mar 27, 2012
 
Blues eyes crying in the rain
Hymn
abdul mohamud

Grosse Pointe, MI

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#2
Mar 27, 2012
 
more jibber jabber
Kendal Spazzola Esq

Belleville, MI

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#3
Mar 28, 2012
 
Only the criminaly insane would loan that sewer 137 millon dolla.

That being said ... the detroit pensions will prolly buy the bonds.

In a year and a half detroit will come and ask for more union concessions because of the devestating crisis of not having mo money to pay back the pension funds for the loan.

Those dogs are devouring themselves.

Snyder knows this, and so does detroit leaders. The groids are getting screwed in broad daylight.
Terminator

Secaucus, NJ

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#4
Mar 28, 2012
 
As the semi-great Obama says, "We can't just keep kicking the can down the road."

The city can't live on borrowed money. When you purchase a house or car, you have equity. You have net worth. The value of the house less the mortgage should still be worth something in normal times. Detroit has been stiffing suppliers for months now. Soon they will have no cash to pay employees. You can rob Peter to pay Paul, but that only give you a sore peter. Almost the day the loan money arrives, it needs to go out to pay past bills. No new source of revenue exists. Detroit can't raise sales tax to 13% as California proposes. Bankruptcy looms large.
chickie

United States

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#5
Mar 28, 2012
 
Ok ill try again-keep getting cut off.Jack Van impe IS a wonderful,faithful servant of our Lord and for u to say this just sounds like a disgruntled employee.(Of course SOME of us kno what ur REALLY trying to do now, dont we?)
chickie

United States

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#6
Mar 28, 2012
 
Wow! How come u put m y comment HERE? It doesnt belong here.

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