Sunday, July 21, 2013

 

Mich. gov. says bankruptcy the right choice

|Blog ---
Detroit workers whose pensions are on the table as the city files for bankruptcy.



Michigan governor on Detroit bankruptcy: Michigan Gov. Rick Snyder, right, and state-appointed emergency manager Kevyn Orr
Michigan Gov. Rick Snyder said citizens of the bankrupt city of Detroit 'deserve better than they're getting today.'
DETROIT — Michigan Gov. Rick Snyder says the decision to set into motion bankruptcy for Detroit was a tough one, but the right one.

He said Sunday on NBC's "Meet The Press" that the citizens "deserve better than they're getting today."


Snyder, Detroit's emergency manager Kevyn Orr and Detroit Mayor Dave Bing appeared on Sunday morning talk shows.

Snyder said he will push to protect the retired city workers whose pensions are on the table. He said the bankruptcy filing included protections for retirees and urged them to remain calm.


Orr said on "Fox News Sunday" that there are going to have to be "concessions."

Bing on ABC's "This Week" said now that bankruptcy has been filed, leaders have to take a step back before making a decision on a federal bailout.AP

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