Moe Lane

@caroljsroth noted this in passing, and so I went looking, and lo! The day of Robocop approaches.

A review team assigned by the state of Michigan declared Tuesday that the city of Detroit is in a state of “Final Emergency.”

This once booming city that thrived on the American automobile industry is on the verge of bankruptcy after a long and tumultuous economic decline. Gov. Rick Snyder will now have the green light to go ahead with Michigan’s emergency manager law, which calls to appoint a manager to financially struggling local governments of the state. Based on the law’s unsuccessful history, Gov. Snyder may have some difficult days ahead in hopes of saving Detroit.

I still say that what Detroit needs is a zombie plan.

Moe Lane

How does the student loan collection industry break down when it comes to political donations? In terms of relative contributions to Democrats and Republicans, that is.

Like Glenn Reynolds, I’m sure that there are all sorts of reasons that argue against this Volokh Conspiracy commenter’s position that if we do allow states to go bankrupt then we should also require them to lose their state status and be bounced back down to territorial status again.  But the idea of taking say, California, yanking it out of statehood for ten years… then readmitting it as the three or so states that it should be appeals.

Hoo, boy, yes, it appeals.

Moe Lane

PS: Texas should also probably be about three states or so, but Texas is also not in imminent danger of default.

Your laugh line of the day: “The party has grown by becoming the party of inclusion.”

…which is the worried reaction from a Lefty blogger who can’t quite understand why Barney Frank, head of the House Financial Services Committee, would say anything like the below in response to the way that the bankruptcy bill got shot down in the Senate (if only temporarily):

The reason that he said something like that, of course, is because the Democratic party is not the ‘party of inclusion:’ it’s the ‘party of expedience.’ The leadership (which is somewhat more liberal than its current Congressional roster, and very much more so than the rank and file) have been throwing this inclusion line around, with admittedly some success: but they have no intention of actually living up to it.
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