A Small Town Take on The Great Recession

Thursday, November 18, 2010

We’ve all heard about the travails facing cities like Detroit: unemployment, foreclosures, dwindling state pensions. But we haven’t heard much about how small Midwestern towns — cities like Hamtramck, Michigan — are faring. Yesterday Hamtramck announced it might have to declare bankruptcy, or else run out of money by January 31 of next year. How did Hamtramck end up facing bankruptcy? And will the economic downturn force other municipalities across the country to follow suit?

Joining us is to discuss the situation in Hamtramck is Bill Cooper, Hamtramck City Manager. Also speaking with us is David Abromowitz, senior fellow at the Center for American Progress, explains whether and how bankruptcy may become a trend for small cities in this economic climate.

Guests:

David Abramowitz and Bill Cooper

Comments [1]

Jeff S

Don't you think that its rather odd that a city who just got rid of an EFM is now going bankrupt? I believe the EFM was done sometime in late 2006 and 2007, then a city manage took over. Sometime in 2008 Bill Cooper took over and began to spend like crazy. Who is to blame for bankruptcy, it should fall on the hands of Bill Cooper who is ultimately in charge of the city. What about the finance director, is he still in charge. I just think it is stupid for a city to file bankruptcy, sounds like this guy is trying to break and scare unions into concessions.

Nov. 18 2010 07:10 AM

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