If Detroit had tried hard to reform before bankruptcy, then there would be nothing wrong.What would be wrong or inappropriate if Governor Snyder and the state
legislature raised Michigan taxes to pay for the debt for the general
obligation bonds of Detroit and other currently insolvent municipalities
and school districts? We the tax payers of Michigan might end up much
better off in the long run by paying lower interest rates on the bonds that
support governmental and educational activities in this state.
Otherwise what wrong is that Detroit's behavior will never change if money is poured over problems.
We need a functional city, not a ward of the 'state'.
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