Report: WH in Talks to Bail Out Detroit
8:40 AM, Apr 16, 2014 • By GEOFFREY NORMAN
The city that President Obama was credited with “saving” – before it turned out that he hadn’t – is getting a little help from Washington as it struggles through the largest municipal bankruptcy in American history.
As reported by Reuters:
It isn’t much money, measured against how prosperous the Motor City once was and how deep the hole now is, after years of corrupt, one-party rule.
But you have to start somewhere.Washington looks after its friends and figures, no doubt, that taxpayers a generation from now will understand and be good for the money.
And, anyway, they’ll have no choice.
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