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Situation in Detroit delcared an "emergecy".
While a state appointed non-machine emergency manager would have the power to cut spending by consolidating city services, privatizing services and assets, and canceling contracts, he or she could also declare the city bankrupt.
Could be a model for the White House and the national level. Stand-by for further instructions Willard.
Posted by: Groluque Glagum3753 2013-03-02
http://www.rantburg.com/poparticle.php?ID=363339