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Thursday, April 5, 2012

Detroit Needs an Economic Recovery – Not Fiscal Stability

Press Release

Photo Credit-Rainbow Push
(DETROIT) – The Detroit City Council approved a consent agreement with the State of Michigan yesterday. Advocates for the agreement believe that this agreement was the best decision to keep Detroit from receiving an Emergency Manager. However, D. Alexander Bullock does not believe this agreement is not designed to help Detroit recover. 

“I believe the council should not have approved a consent agreement. It was not an agreement for financial recovery; it was an agreement for fiscal responsibility. Detroit needs reinvestment and recovery, not mere debt reduction. It needs improved city services for citizens. It is unfortunate that council members cited the threat of emergency management as a consideration for approving the consent agreement when the referendum campaign against Public Act 4 was so successful. Additionally, this agreement as signed will not fix the underlying systemic problems that Detroit faces, such as: foreclosure, insurance redlining, the need for a residency requirement, improved public education and safety,” said D. Alexander Bullock.

The agreement will establish a nine member financial advisory board as well as a chief financial officer and program management director. It is anti-collective bargaining uses State compulsion not democratic procedures to achieve reform.

To schedule an interview with D. Alexander Bullock please call the contact listed.

Rainbow PUSH MI is an affiliate of the Rainbow PUSH Coalition a multi-racial, multi-issue, progressive, international membership organization fighting for social change. Our mission is to protect, defend, and gain civil rights by leveling the economic and educational playing fields, and to promote peace and justice around the world.


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