tag:blogger.com,1999:blog-3918924049749483704.post6861806302564176263..comments2023-11-19T00:00:58.164-05:00Comments on Pryor Thoughts: More Detroit Bankruptcy Newspryorthoughtshttp://www.blogger.com/profile/18077521279953292684noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3918924049749483704.post-39527041499007253452013-02-27T13:20:57.083-05:002013-02-27T13:20:57.083-05:00Interesting question. The answer depends on the de...Interesting question. The answer depends on the details of Michigan's local government law, and I know nothing about them. But Michigan would never permit this if the state would find itself on the hook in the event of the dissolution of Detroit. An indirect state "bailout" would be no more palatable to state taxpayers than a direct one.pryorthoughtshttps://www.blogger.com/profile/18077521279953292684noreply@blogger.comtag:blogger.com,1999:blog-3918924049749483704.post-75547076587965778512013-02-27T11:15:18.029-05:002013-02-27T11:15:18.029-05:00Why couldn't Detroit unload itself of debt by ...Why couldn't Detroit unload itself of debt by simply becoming nonexistent? If the city or state were to cancel/revoke the city's charter, would not that debt be absorbed by the State directly and the load of it distributed among all Michigan residents? Could the state not then allow a new city charter to a debt free entity? I'm not arguing liklihood here, just theoretical possibility.Anonymousnoreply@blogger.com