Welcome to Team BLUE Paradise
Saturday 5 November 2011 - Filed under Uncategorized
Meet Detroit. The product of decades of Team BLUE central planning, where public and private unions alike have bled the city and its industry dry.
Detroit is in “extremely serious financial condition,” as it is projected to run out of cash next year and must take action to avoid a state takeover, Mayor Dave Bing said on Thursday.
Michigan’s largest city is facing a projected cash shortage of about $150 million by the end of March, a statement from his office said.
To avoid having a state-appointed emergency financial manager, the city needs to address pension and healthcare costs and “inefficient services” such as transportation and lighting, while labor union contracts need to be renegotiated before their expiration next June, the statement said.
2011-11-05 » madlibertarianguy