Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Detroit to halt some debt payments, reinvest $1.25 billion in city
http://www.freep.com/article/20130614/NEWS01/306140083/Orr-Detroit-halt-debt-payments-reinvest-1-25-billion-cityDetroit emergency manager Kevyn Orr laid out an extraordinary, complex and painful path back to solvency for the city of Detroit this morning in a proposed plan to creditors. It would spin off the city's water department, reduce city-provided health care for retirees and immediately stop debt payments and then use that money to keep the city operating while reinvesting $1.25 billion over the next decade to boost crucial public services like police and fire, step up blight removal and transform an antiquated, failing city government.
All while screwing retired city employees.
