No law precludes Detroit's current elected leaders from renegotiating the city's obligations to vendors, employees, retirees and creditors, reducing services to residents, or raising user fees until its revenues and expenses are brought into balance. But it now seems highly unlikely that Mayor Dave Bing and the City Council will be able to do these things before the city runs out of money, perhaps before the coming spring.Am I spelling incompetent correctly? Or is it impotent? Or both?
UPDATE: Editorial: Us vs. them won't cut it in Detroit's fiscal crisis. No it won't, but Detroit knows nothing else.
