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Plutocracy v. Democracy: Should Detroit Declare Bankruptcy?

  Broadcast in Politics

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**TUNE IN FOR A SPECIAL PODCAST OF IU RADIO LIVE, SATURDAY, MARCH 2, 2013 @ 5:30 PM ET**

On Friday, March 1st, Michigan Governor Rick Snyder (R) announced his intent to put a "Emergency Financial Manager" to run the State's Largest City and Automobile Capital of the World, Detroit, Michigan.

The financial problems of Detroit are not new as the City has been struggling for at least a decade declining population growth & losses in property taxes.  Meanwhile, for years the State of MI has owed Detroit up to $500M in State Shared Revenue and City Water Department debts. 

Knowing a Financial Manager is less than two weeks away from taking over all functions, should Detroit's Elected Leaders began a process of municipal bankruptcy proceedings for the City, early next week?

Independent Underground Radio LIVE is a FEATURED BTR Weekend Politcal Talk podcast based out of Ann Arbor, Michigan covering Michigan and National Politics, breaking news, and more. As a lifelong Michigander, Hosts Monica RW brings her research Independent opinions to the political issues of the day.

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