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IPFS News Link • Economy - Economics USA

Lawmakers consider dissolving Detroit

• http://rt.com,
 

State officials have come up with numerous farfetched ideas as to how to confront the fiscal situation, with some suggesting Detroit to vote itself into bankruptcy and others preparing to temporarily lay off nearly all city workers to compensate for the financial losses.

State Senator Rick Jones has emphasized that all options should be considered, including dissolving the city of 700,000 residents and merging it with neighboring Wayne County.

“If we have to, that is one idea we have to look at,” he told WWJ Lansing, an affiliate of CBS News. “We really have to look at everything that is on the table. Again, if this goes to federal bankruptcy, every employee down there will suffer, the city will suffer and the vultures will come in and take the jewels of Detroit and they will be gone.”


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