Monday, May 13, 2013

MMM MMMM...Obama needs to bailout detroit cuz day voted fo heem..:UPDATE:DETROIT IS FUCKED


MMM MMMM...Obama needs to bailout detroit cuz day voted fo heem..:UPDATE:DETROIT IS FUCKED

Detroit is broke and faces a bleak future given the precarious financial path it's on, according to a new report out by the city's state-appointed emergency manager.

The report was released late Sunday by bankruptcy attorney Kevyn Orr and is his first on Detroit's finances since officially taking the job in March.

Under state law, the report was due within 45 days of Michigan's newest emergency manager law taking effect. Orr's spokesman Bill Nowling had warned last week that the report was an early look at Detroit's fiscal condition and would not be glowing.

The summation is the latest blow to the city which came under state oversight in March when Gov. Rick Snyder selected Orr to handle Detroit's finances. Then, the city estimated its budget deficit to be about $327 million. Detroit also has struggled over the past year with cash flow, relying on bond money held by the state to pay some of its bills.

But Orr reports that Detroit's net cash position was negative $162 million as of April 26 and that the projected budget deficit is expected to reach $386 million in less than two months.

FLASH BACK TO DECEMBER 2012 

He also warns that the city's financial health might change as more data is collected and analyzed.


"What is clear, however, is that continuing along the current path is an ill-advised and unacceptable course of action if the city is to be put on the path to a sustainable future."

Detroit is the largest city in the country under state control and the city's wallet is now Orr's to command. He dictates how Detroit spends its money, something that had been the responsibility of first-term Mayor Dave Bing and the nine-member City Council.

The Associated Press was unable early Monday to reach Bing's office for comment on the report.

[link to www.foxnews.com
"Its the soup kitchen in the house"
"Its my downtown dumpster divers in the house"
"Its Uncle Fuck Stick in the house"

YO...WHERES ALL MY WELFARE RECIPIENTS AT Y'ALL


And for all of you who don't know how Detroit city council is run



End weez ax lick this cuz. 




Andn if youz Ken git passt duh elitratethen we Ken beez prezdent like Barack Hussein Obama




And stay tuned for the interview with the council member...QUESTION :Is she mentally challenged....I mean would you hire her...I wouldn't trust her with a corked fork....


3 comments:

Anonymous said...

I HAVE SEVERAL BLACK FRIENDS AND THEY ARE SAYING THE SAME THING....THEY/WE CANNOT BLAME THE WHITE FOLK ON THIS ONE.

Anonymous said...

Yeaozer! We be needin sum mo moneys froms Obama. He bees oura hero! He cans gets it frum them rich white fokes!

Anonymous said...

Embarrassing and pathetic, but what do you expect? Enough of this disgusting political correctness. Incompetence and childishness rule the day, as usual. Shaking my head.