My must read of the day is “Feds direct $100m in grants to help broke Detroit” by the Associated Press.
DETROIT — I came to Detroit expecting a wasteland. Instead, I met a bunch of nice people and ate hot dogs.
The retirees that cities like Detroit are trying to push into Obamacare’s health insurance exchanges could drive up the premiums in the exchanges and swell costs to the federal government, experts say.
Detroit’s bankruptcy could set off a chain reaction in state capitals and city halls across the country, as lawmakers weigh burgeoning retirement costs for public employees against public services.
After becoming the largest city to file for bankruptcy, Detroit Mayor Dave Bing (D) said his city will bounce back and that many other urban cities are facing similar woes. Additionally, the mayor left open the possibility of a federal bailout.
Former Detroit Democratic Mayor Kwame Kilpatrick is not pleased with his incarcerated life so far, citing the prison’s lack of amenities.