Tag: Go to Bankruptcy already

City and state leaders have agreed on a milestone agreement that supports the city's reform agenda, officials announced Thursday.

Completion of the milestone agreement is a key component to the state releasing the bond money in an escrow account needed for the city's cash crunch. Officials said Monday the city would run out of cash by the end of the year if it was not able to draw down $10 million by next week and $20 million by mid-December.

Told you it would happen.  Heck, even the bad actors in the Snyder Administration are faking it so not to be the ones stuck holding the bag when this blows up in their face.

State Treasurer Andy Dillon said the agreement gives Detroit "a transparent roadmap" to get the bond money, but he's still concerned about the progress that's been made on the reform agenda.

"The funds from the bond proceeds were never intended to fund the status quo in Detroit, but rather aid with its government reforms," Dillon said in a released statement. "While some progress has been made in the city since the signing of the financial stability agreement in June, it is moving slower than what all parties would have anticipated. There is still much work to be done."

Much work to be done, Andy?  Like what?  Forcing the taxpayers of Michigan to be stuck with more junk bonds for the decades of unaccountable "protected class" Democratic Party rule in Detroit?  No más, Señor Tesorero Dillon.  Like it or not, the Consent Agreement was not agreed to in good faith.  Not by Mayor Bing, nor by City Council, and most certainly not by Corporation Counsel.

It is time for Governor Snyder to be held accountable too.  It way past being painfully obvious when those who are viewed as crossing over to the dark side from time to time have reached their wits end with an alleged fiscal conservative governor enabling his spoiled rotten children to carry on by throwing money at them.

Either the city wants to be a full participant in its financial rescue or the governor should, to quote a famous failed presidential candidate, let Detroit go bankrupt.

The governor should not be in a position of wanting more for the city than it wants for itself.

Comprender?  The sad part for the rest of the state is that anyone watching the charade happening in Detroit, knows that in 2013 we'll still be having the same results.

That's racists you say?  See here.

Detroit - An attorney for the Detroit Board of Education says a lawsuit by the state Attorney General's office to remove seven board members is "racist" and "a fraud" and must be dropped.

Rest

Still timely...

via WXYZ