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Tag: Municipal Bankruptcy


?ick Harris (CC BY-SA 2.0)

Detroit’s Fiscal Emergency

The governor of Michigan said Friday that the city of Detroit was in a state of “financial emergency” and announced that an independent overseer would be appointed to save it from collapse. However, the proposed solutions, which appear to consist mainly of spending cuts, inevitably mean more pain and suffering for Detroiters.

Posted on Mar 2, 2013 READ MORE


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