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Detroit Going Bankrupt, But Plenty of Dough to Fight Our Advertising (Revenue)

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It's astounding, isn't it? Detroit transit and SMART transit refused to run our deposed for six hours by some profane blowhard hack attorney — all billable hours to fight an ad created to help Muslim girls excape honor violence.

Outrageous.

This is America — everyone has the same right to a free life. And for a government agency to use taxpayer dollars to do the bidding of Islamic supremacists is highly treasonous.

Leavingislam

"Report by emergency manager says Detroit's finances are crumbling, future is bleak"
May 13, 2013, Associated Press via FOX News (thanks to Mike Grambush)

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  • FILE -A state-appointed review team
    Tuesday, Feb. 19, 2013 determined Detroit is in a financial emergency,
    paving the way for Republican Gov. Rick Snyder to appoint an emergency
    manager who would need to come up with a new plan to get the city out of
    its fiscal crisis. (AP Photo/Carlos Osorio, File) (AP2013)

Detroit is broke and faces a bleak future given the precarious
financial path it's on, according to a new report out by the city's
state-appointed emergency manager.

The report was released late Sunday by bankruptcy attorney Kevyn Orr
and is his first on Detroit's finances since officially taking the job
in March.

Under state law, the report was due within 45 days of Michigan's
newest emergency manager law taking effect. Orr's spokesman Bill Nowling
had warned last week that the report was an early look at Detroit's
fiscal condition and would not be glowing.

The summation is the latest blow to the city which came under state
oversight in March when Gov. Rick Snyder selected Orr to handle
Detroit's finances. Then, the city estimated its budget deficit to be
about $327 million. Detroit also has struggled over the past year with
cash flow, relying on bond money held by the state to pay some of its
bills.

But Orr reports that Detroit's net cash position was negative $162
million as of April 26 and that the projected budget deficit is expected
to reach $386 million in less than two months.

He also warns that the city's financial health might change as more data is collected and analyzed.

"What is clear, however, is that continuing along the current path is
an ill-advised and unacceptable course of action if the city is to be
put on the path to a sustainable future."

Detroit is the largest city in the country under state control and
the city's wallet is now Orr's to command. He dictates how Detroit
spends its money, something that had been the responsibility of
first-term Mayor Dave Bing and the nine-member City Council.

In a statement Monday morning, Bing said his office plans a "comprehensive evaluation" of the report over the next day.

"A comprehensive review of the emergency manager's financial and
operating plan has yet to be conducted," Bing said. "However, my initial
review is that the assessment by Mr. Orr of the city's financial
condition is consistent with my administration's findings."

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