Finally, the writing has appeared on the wall.

Imagine, you were the mayor of a small town and the town's largest employer was having severe money problems. Years of mismanagement have crippled the company ability to maintain its operations. The company's president decides that a course of severe cuts is needed. Though these cuts helps the company save money, the president realizes that the company is spending more money than it is taking in. The president decides that more cuts are needed so more jobs are lost and as a results the goods that the company once produced is severely reduced because the work force has been slashed by half.

No matter what the president does to reduce cost, the company is still spending more money than it is taking in and cuts only provided a band-aid. What can the company do? File bankruptcy and go out of business. The business model that they used no longer works and there is no money to save them so good-bye business.

Detroit is not a business, it is a municipality and the rules for a city in distress is different for a business in distress. I have said this over and over. Cuts alone will not save Detroit because Detroit can't just go out of business. Detroit have been kicking the can of debt for decades down the road and the road is ending. As long as the population decreases, the money will continue to come up short. Every suggestion that Bing and the council have given to the public are band-aid fixes. Sure you can save a dollar today with cuts but tomorrow you will have to spend two dollars because the city still have to run its day to day. It is time to actively discuss bankruptcy and a much needed bail-out or loan. Whatever it takes....