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FBC MONEY With Melissa Francis July 27, 2013

Melissa our top story tonht. Alreadyost its financial mind, but this may be taking it to a whole new level. The bankrupt city is moving fu steam ahead on a new 444 million hockey stadium. Taxpayers are picking of most of the tab because they have a lot of extra money. In a city with more than 18 billion in debt, is this a3 huge wastef taxpayeron or could it bring this city back to life . With mnow, director of fiscal policy for the Mackinaw Center in michigan and democratic strategist. Welcome both of you to this show. Let me start with you. It seems a little crazy if you cannot pay your existing bills and you are filing for bankruptcy to go on the hook for another 444 m million. I guess the portions 400 million of Something Like that. What you think . Of course it is. Detroit is not exactly known for its economic rationality. They are in this position able to impose of the ....

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