jedicus: The earned income limitation and residency requirements would prevent the benefit from being gamed. It would only apply to people living and working in Detroit year-round.
Riton: The main mistake that Detroit made was not to enter in huge amount of derivatives with other financial institutions in the US and around the world.
If they had, you can bet that they would have been bailed out by now...
Etrigan: Basically, the emergency manager gets to do virtually anything he wants to the budget, regardless of whether a mayor or city council could do it, and he gets to do it right fucking now instead of waiting for contracts to end or bonds to mature or whatever.
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