Quote Originally Posted by 313WX View Post
It should be noted however that the state is guaranteeing to pay back those bonds if in the event Detroit is unable to pay them back [[same with DPS), otherwise Detroit wouldn't be getting any bonds.

Of course the state isn't going to let that happen, so the taxpayers of Detroit will be on the hook for it.
That is a good point to add. My issue however [[beyond the mismanagement by the city and the worthlessness of the Program Manager brought in) is that it is represented as if the state if just writing a check to keep the city afloat.

Granted papers thrive on outrage but they need to clarify that the state is withholding the city's bond money [[that the city is on the hook for), not just cutting a bail out check to the city. Accuracy in reporting on such a simple but critical differentiation should be expected.