What do we do when we don't believe most anything our governor says?----------Snyder recommends state contribute $350 million to help settle Detroit bankruptcy

Snyder recommends state contribute $350 million to help settle Detroit bankruptcy | Crain's Detroit Business

Gov. Rick Snyder recommended Wednesday that the state contribute $350 million over 20 years to a settlement offer to help resolve Detroit's bankruptcy.

"This is a settlement," Snyder said. 
"This is not a bailout. I want to be very, very clear about that.

"The money, which would require legislative approval, would not pay off the banks, other creditors or the city's debts, he said. 

It is meant to minimize the harm to the city's retirees and to protect assets.

"This is about getting Detroit to be stable, to grow again, to give good services to its citizens, to help people in all parts of Detroit," Snyder said.