Here it is in a nutshell, but read the whole article understand - TopicsExpress

Here it is in a nutshell, but read the whole article understand the danger to other rust belt and eastern seaboard cities - which, of course, affects everyone in the nation: “Massive job losses and home foreclosures have left the city starved for revenues. Instead of creating an emergency jobs program and declaring a moratorium on home foreclosures, Governor Snyder and Wall Street are exploiting Detroit’s crisis for their own gains,” the group writes in an announcement for the action. “Using an Emergency Dictator, they forced Detroit into bankruptcy so they can – without interference – break union contracts, threaten city retirees’ negotiated pensions and benefits, reward the banks for fraudulent loans and sell off city assets to predatory corporations.” Also read the last paragraph for a proactive, positive set of suggestions for helping to resolve de-industrialization.

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