EM spends $5M on consultants

[313WX]

First line from a Freep [[our liberal daily) article today:



http://www.freep.com/article/2013041...-Bing-s-budget

God bless the EM law [[and the EM and his consultants), because there is no reason this should ever, ever, EVER! be the case, and [[1) you can't tear up contracts/impose terms through bankruptcy and [[2) time has shown our politicians are unwilling or unable to attack this.

So go get 'em Kevyn, then take us to bankruptcy so we can soak the bondholders and then regular everyday citizens can get services, not have city budgets where there are to be "deeper cuts in services."

That bit of information right there pretty much counters the thoughts in the other thread about the improvements in the neighborhoods.

What do you think people are going to do when more cuts are imposed on them?

And actually, a BK judge can rip up the pension contracts. Orr, on the other hand, has to beg them to accept less of their return [[since the obligations are guaranteed in the state constitution). And even if he could cut health care benefits, there''s all the ligitation that will ensue too.

Finally, there's also the state if Michigan's investigation of Detroit tax assessment. Once those rates are lowered, that will mean even less revenue coming inti the city to provide services in the near term.

So ultimately, the road will end with the sell off of the DWSD [[most likely) and possibly Belle Isle [[less likely) since bankruptcy is not an option.