During the years that precipitated the bankruptcy of Detroit the workers were required to be residents and therefore had opportunity to vote for the idiots that created the bankruptcy. The workers themselves let their unions make demands that were clearly unsustainable... I don't think we should feel sorry for them or bail them out. The governor is on this bandwagon too, but if the POTUS does this it will set a precedent and start an avalanche.

Purchasing dem votes...with OUR money.

Another bailout. Of course we can't call it that.

If this method gets legs and becomes the new paradigm for dealing with such problems it has two possible outcomes, in my opinion. 1 - total economic collapse. And..2 - massive inflation (followed by related economic collapse).

Tell me again, why hasn't Dear Leader been impeached yet?

There is a difference between achieving and taking from achievers.

As a former Detroiter, (thank the gods for "former") I can predict that $100 million, $500 million or ten times that amount won't clean up 10 square blocks of Detroit, but several people will be a lot wealthier in a few years.

With the FED printing a reduced to $55B per month all those sucking more and more city aid programs are pocket change. Just print it up and then collapse like Wiemar Germany!!! More coffee houses!!!

what's the big deal. all ob will do is free up the non-existent money. in my view the fed gov is a total disaster that will never get fixed anymore that the aca is going to be fixed. they in dc are a very bad joke!

As much as I feel sorry for the pensioners of Detroit, it was their own greed that put them into this position. Is the fed gov't going to bail out my retirement fund? I think not. The fed gov't is trying to find a way to strip me of my retirement fund.

"hey, we haven't spent this money... what program LOOKS like something we're supposed to spend this money on, and how can we shift money from that to this to give to our political allies?"

I live near Detroit. I've got friends in the DFD and DPD. They're some of the most humble guys (and gals) I know. The idiots who ran their city for so long completely dicked them over. As friends of theirs, it sucks, but also they should be wise enough to look forward and see that "the city is making promises they can't keep"