Let It Rip: What happens next in Detroit's financial crisis? - FOX 32 News Chicago

Let It Rip: What happens next in Detroit's financial crisis?

Posted: Updated:
SOUTHFIELD, Mich. (WJBK) -

What happens next with Detroit's financial crisis?  Can city officials do anything at this point to keep an emergency manager from stepping in?

"When you're billions of dollars in the hole and you don't have any money coming in, you're either going to go bankrupt and dissolve or you're going to have to get this emergency manager," state senator Rick Jones told Fox 2's Tim Skubick this week.

Meanwhile, Mayor Dave Bing says give us another chance, again.

"We've got plans coming out of our ears," he told reporters Thursday.

As we wait for the governor to decide Detroit's financial future, he dropped this hint.

"This is an issue that's structurally been there for decades," he said at a press conference Thursday.

But local union leaders say we've been under state control since the consent agreement, and that's not working so well either.

"You had the state for the last ten months been running this ship, and it's steadily going down," Ed McNeil told Fox 2's Amy Lange.

Joining Huel Perkins and Charlie Langton on our panel to discuss are:

Ed McNeil, who represents the American Federation of State, County and Municipal Employees (AFSCME) Council 25 and says no matter who is in charge, it is unfair to balance the books on the backs of workers.

Sen. Coleman Young, Junior, son of the late mayor of Detroit, who says all these reports are just a prelude to a state takeover and possibly the sale of the city's assets.

And Nolan Finley, Editorial Page editor for the Detroit News and co-host of the PBS show "MIWeek."  He's the lightning rod of the local press, conservative and provocative.

Click on the video player above to watch the "Let It Rip" discussion unfold.  Plus, tell us your thoughts by posting in the "Comments" section below.

  • Local NewsLocal NewsMore>>

  • Boy with autism benefits from therapeutic listening

    Boy with autism benefits from therapeutic listening

    Thursday, July 31 2014 9:38 PM EDT2014-08-01 01:38:55 GMT
    Trevor Holzer is as active as any other 10 year old boy. just by looking at him, you wouldn't be able to tell he's affected by autismAs Trevor goes through his occupational therapy, he's got his own soundtrack.It's called therapeutic listening - the idea is to help Trevor with what's called sensory processing disorder. The goal of Easter Seals, making the world a better place for children with disabilities. As Fox 2's Deena Centofanti shows us, from an individual child to a team of players, i...
    Trevor Holzer is as active as any other 10 year old boy. just by looking at him, you wouldn't be able to tell he's affected by autismAs Trevor goes through his occupational therapy, he's got his own soundtrack.It's called therapeutic listening - the idea is to help Trevor with what's called sensory processing disorder. The goal of Easter Seals, making the world a better place for children with disabilities. As Fox 2's Deena Centofanti shows us, from an individual child to a team of players, i...
  • Detroit Police's 'Green Machine 40' stages crackdown of suspected drug houses

    Detroit Police's 'Green Machine 40' stages crackdown of suspected drug houses

    Thursday, July 31 2014 8:34 PM EDT2014-08-01 00:34:02 GMT
    Heavily armed members of the Detroit Police Special Response Team move in -- swarming this house on Tacoma with the state police helicopter overhead.This residence is believed to be a drug house where people were selling cocaine. No evidence and no arrests were found this time, but Detroit Police Chief James Craig says the message is loud and clear"We'll come back to this location and we'll send the owner a nice note and if we have to come back again we'll take it," said Craig. Elsewhere ther...
    Heavily armed members of the Detroit Police Special Response Team move in -- swarming this house on Tacoma with the state police helicopter overhead.This residence is believed to be a drug house where people were selling cocaine. No evidence and no arrests were found this time, but Detroit Police Chief James Craig says the message is loud and clear"We'll come back to this location and we'll send the owner a nice note and if we have to come back again we'll take it," said Craig. Elsewhere ther...
  • Romulus cop in hot water after road rage incident

    Romulus cop in hot water after road rage incident

    Thursday, July 31 2014 8:03 PM EDT2014-08-01 00:03:03 GMT
    An off-duty Romulus police officer is facing felony charges in connection with a road rage incident. Officer David Brooks is facing felonious assault and felony firearms charges after an investigation by Van Buren Township detectives.
    An off-duty Romulus police officer is facing felony charges in connection with a road rage incident. Officer David Brooks is facing felonious assault and felony firearms charges after an investigation by Van Buren Township detectives.
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices