Wednesday, February 25, 2009

Michigan government declares financial emergency in Pontiac

Michigan government declares financial emergency in Pontiac
"Granholm wrote in a letter to Mayor Clarence Phillips dated Feb. 20 that the city has been unable to resolve financial and budget issues on its own. She says Pontiac's cumulative deficit was projected to approach $12 million by the end of the 2008 fiscal year."

And our Great Leader tells us our nation should adopt the same financial controls as Pontiac and Detroit!

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