Detroit 18 Billions in debtSubmitted by donvino on Sat, 06/15/2013 - 18:32
53 per cent of property owners paid property tax in 2011.
The bond holders get first dibs...city is 162 million in the hole for this year.
What is to be done?
Should the rest of the country bail them out?
Perhaps the Lions, Tigers, Pistons, and Red Wings should have their employee taxes doubled? They seem to be able to afford it. Do not agree with it but what else is to be done? Perhaps the city will be prepared for crops?