Tag Archive for Michigan Strategic Fund

Cronyism, Detroit, Michigan, Opinion, Rent Seeking, Taxes

“Grand” Bargain the County Edition

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via WXYZ

bailouts“Fitch downgraded $203 million in building authority bonds, $186 million in limited general obligation bonds and $51 million in stadium refunding bonds. … jail boondoggle that wasted $130 million and counting.

Wayne County has a structural debt of $50 million and $40 million more is needed each year to bring its pension system back – the underfunding accounts for about 70 percent of the long-term debt of $2.9 billion.”

Hmmm… bond issues, huh?

You Betcha! (17)Nuh Uh.(4)

Cronyism, Detroit, Michigan, Michigan Politics, Rent Seeking, Republicans

Hellooooo, John Rakolta

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“You’ve heard of the bridge to nowhere?  Welcome to the jail for no one.”

Told ya.  You’re getting warmer, Ross.  However, that jail for no one will be gobbled up by Dan Gilbert for pennies on the dollar.

And, you’ve got a whole gaggle of MI-GOP bootlickers who watched Rakolta line his pockets, main one being, the State AG.  Next question would reasonably be, what did the wife of former State AG (Commissioner Laura Cox) know, and when did she know it?

You Betcha! (4)Nuh Uh.(0)