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Subject DETROIT OWES 2.6 BILLION....DETROIT SAYS WONT PAY...DETROIT BEING BULLDOZED,RETURNED TO ENVIORMENT..."AGENDA 21"

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Original Message [link to www.breitbart.com]

A team led by a state-appointed emergency manager said Friday that Detroit is defaulting on about $2.5 billion in unsecured debt and is asking creditors to take about 10 cents on the dollar of what the city owes them.

Kevyn Orr spent two hours with about 180 bond insurers, pension trustees, union representatives and other creditors in a move to avoid what bankruptcy experts have said would be the largest municipal bankruptcy in U.S. history.

Underfunded pension claims likely would get less than the 10 cents on the dollar.

An assessment of the plan's progress will come in the next 30 days or so.

Orr also announced that Detroit stopped paying on its unsecured debt Friday to "conserve cash" for police, fire and other services in the city of 700,000 people. The debt not being paid includes $39 million owed to a certificate of participation.

"We will not pay that today," Orr told reporters after the meeting with creditors at a hotel at Detroit Metropolitan Airport in Romulus.

Orr said everyone involved needs to come to grips with Detroit's dire financial situation that has been worsened by years of procrastination and denial.

"If people are sincere and look at this data, you would think a rational person will step back and say, `This is not normal ... but what choice do we have?'" Orr said.

And for all of you who don't know how Detroit city council is run

End weez ax lick this cuz.

Andn if youz Ken git passt duh elitratethen we Ken beez prezdent like Barack Hussein Obama

And stay tuned for the interview with the council member...QUESTION :Is she mentally challenged....I mean would you hire her...I wouldn't trust her with a corked fork....

FLASH BACK TO DECEMBER 2012

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