Detroit In Crisis: Mayor Bing Fears City Will Go Broke

Detroit Mayor David Bing held a press conference yesterday detailing the struggling city’s financial troubles.

The city of Detroit is on the brink of bankruptcy and Bing vowed emergency budget cuts to avoid an emergency takeover of the city.

See Also: Occupy Wall Street Film

“Simply put, our city is in a financial crisis and city government is broken,” Bing said Wednesday night at Detroit’s Northwest Activity Center. ” The reality we’re facing is simple: if we continue down the same path, we will lose the ability to control our own destiny.

“Let me make one thing perfectly clear: I don’t want an emergency manager making decisions for my city.”