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Bloomberg Warns the Next Mayor Could Follow Detroit Into Bankruptcy
politicker.com Mayor Michael Bloomberg would strongly prefer that whoever replaces him doesn’t run the city like Detroit and have to declare bankruptcy like the Motor City did last month. So he gave a speech this morning outlining the importance of curtailing rising pension costs and ominous “special interest politics,” which he defined as the “most dangerous of all” threats. “The reality is, we may be a long way from Detroit,” Mr. Bloomberg declared, according to his prepared remarks. “But we are only a short distance from relapsing into decline.” to read more click here: politicker.com
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