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Friday, March 1, 2013

Episode #216 - Plutocracy v. Democracy: Should Detroit Declare Bankruptcy?

English: City seal of Detroit, Michigan.
English: City seal of Detroit, Michigan. (Photo credit: Wikipedia)
It's rare that we'd request for our readers of Independent Underground News & Talk to "for sure don't miss" our Michigan & National Politics Podcast IU Radio LIVE.

Yet, if you're a resident that cares about what will happen to our State's largest City of Detroit, you MUST LISTEN to our Special Show on Saturday, March 2, 2012 @ 5:30 PM ET show clicking this link.

 On Friday, March 1st, Michigan Governor Rick Snyder (R) announced his intent to put a "Emergency Financial Manager" to run the State's Largest City and Automobile Capital of the World, Detroit, Michigan.

The financial problems of Detroit are not new. The City has been struggling for at least a decade declining population growth & losses in property taxes. Meanwhile, for years the State of MI has owed Detroit up to $500M in State Shared Revenue and lagging City Water Department debts while they seek to total control this locality. 

Knowing a Financial Manager is less than two weeks away from taking over all City functions, should Detroit's Elected Leaders began a process of municipal bankruptcy proceedings for the City, early next week?

  • Review the timeline of Detroit receiving an Emergency Manager and why the appeal date deadline of March 12, 2013 mentioned during Gov. Rick Snyder's (R) press conference has more than one significant meaning.
  • Play file tape from the Gov. Snyder historical invitation only "town-hall" forum to review if the words express by Michigan's Chief Executive Officer should express confidence that the Governor's solution is right for Detroit's financial woes.
Independent Underground Radio LIVE is a FEATURED BTR Weekend Political Talk podcast based out of Ann Arbor, Michigan covering Michigan and National Politics, breaking news, and more. As a lifelong Michigander, Hosts Monica RW brings her research Independent opinions to the political issues of the day. Call into the show starting at 5:30 PM ET with your opinions, thoughts or ideas at 347-934-0185.

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