ScienceRocks
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Detroit to go bankrupt in less than a month
Detroit to go bankrupt in less than a month — RT
This is what happens when blacks govern a city=off the cliff. Blacks don't have the common sense to not do stupid things.
Detroit to go bankrupt in less than a month — RT
The city of Detroit, facing a serious cash crisis, is set to go bankrupt by the end of this year and would put city workers on furlough unless it strikes a deal with the city council that would bring in $30 million before Dec. 14.
Detroit has been in financial turmoil for years, losing a quarter of its population in the past decade and facing a shrinking auto industry that has reduced tax revenues. The Detroit City Council gave the mayor the option to hire a financial advisor and in return receive $30 million by the end of the year.
But the Council on Tuesday voted 8-1 to delay the decision on the deal, which would pay the Miller Canfield Law Firm $300,000 to advise Mayor Dave Bing. The deal would have released $10 million in bond money on Tuesday and another $20 million in December.
This is what happens when blacks govern a city=off the cliff. Blacks don't have the common sense to not do stupid things.
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