motor city runs out of gas
DrMarty | April 7, 2012 at 09:10 amby
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Yesterday, the Detroit City Council voted 5 to 4 to consent to a takeover agreement with the state, on the eve of today's deadline-threat, set by Gov. Rick Snyder (R), to appoint an axeman/financial manager for the city unless Detroit complied with the ruse. The Detroit government faced running out of cash next month; it has a projected $270 million deficit for this fiscal year.
The logic of the current Detroit/state deal is a killer plan to get short-term cash from a $137 million bond package, while working out drastic cuts under a so-called long-term plan, involving ruining what is left of city staff and functioning.
The city's legal advisers for the new plan are like "having the Grand Wizard of the Ku Klux Klan to advise the NAACP," according to one union leader.
Detroit, with 34% of its population under the poverty line, is emblematic of the situation across the Great Lakes region, where many of the seven core states have put localities (cities, school districts, etc.) into terminal receivership, as the economic breakdown process deepens.
Dozens of municipalities in Pennsylvania, Indiana, Michigan, and Ohio are looking at Ch. 9 bankruptcy. Pittsburgh went under state receivership; so did Harrisburg (in 2011).
However, the reality is that there is still profound potential throughout the population of dislocated workers, families, skilled trades associations, and their cultural-outlook, to further regrouping under a new national mission for rebuilding and forging the future.
One current expression, comes from those speaking out against the Obama Administration's hands-off policy on maintaining the water navigation and management system of the Great Lakes/Ohio Valley.
Of the 89 locks and dams under the U.S. Army Corps of Engineers in these divisions, 40 percent are more than 70 years old, though they were built for a 50-year lifespan.
A rearguard drive is underway for a Michigan November ballot item, which would revoke the governor's new Public Act 4, which approves emergency measures to kill off municipalities and people.
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First Flagged at 11:06 AM, Apr 7, 2012 by Anonymous (not verified)