Detroit is too broke to spend “stimulus” money

Many state and local governments are finding out that in order to spend the tidal wave of “stimulus” money from the federal government (you -the taxpayer), they need to have more government drones and apparatchiks. Given that public sector productivity is about 10% of the private sector, that comes as no surprise.

Detroit has received $170 million in federal stimulus dollars but has been able to spend only $16.8 million of it because the city is broke, and most of the available grants require it to spend money up front and get reimbursed.

But for a city courting a $330-million deficit, spending on anything but the necessities is next to impossible.

Ugh…

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5 Responses to “Detroit is too broke to spend “stimulus” money”

  1. […] (more here) and fleeing population, the city has become an economic and industrial wasteland (more here and here). While mayor Dave Bing deserves some credit for at least trying to turn things around, […]

  2. […] That the city of Detroit is a FAIL is not in question (more here, here, here, and here). That it is this big of a FAIL […]

  3. […] and Tigers and FAIL, Oh My… That the city of Detroit is a FAIL is not in question (more here, here, here, and here). That it is this big of a FAIL was made apparent with the 2010 Census results. In […]

  4. Hey there. I love your website. I even wrote a commentary. Will be visiting back often. Loved it. Take care Nora

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