We’re All Going to Pay for Detroit


Michigan’s governor just announced he wants to give Detroit $350 of “Michigan’s” money to bail out Detroit. That’s about $100 per Michigan taxpayer.
But wait.
Michigan gets nearly $20 billion of its total $52 billion in annual revenues from……
FEDERAL AID
Yep, you and I are all going to pay for Detroit’s bailout.
Links below with references.

http://money.cnn.com/2014/01/22/news/economy/syder-detroit-state-bailout/
http://www.michigan.gov/documents/budget/1_410735_7.pdf
http://www.statedatalab.org/state_data_and_comparisons/detail/michigan

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