"Below the radar of a lot of people, though, is another layer of trouble that is only now becoming apparent, and is only going to get worse, experts say.
We're talking about local units of government -- counties, cities, townships and school districts across the state that are facing the harsh reality of severe budget cuts as the result of the housing market collapse.
'People believe it can't get worse, but we haven't even seen the worse yet,' says Bob Daddow, deputy county executive for Oakland County.
His is just one voice among many sounding the alarm over the dark fiscal times ahead for many officials"
Here's his video from 2008!
http://muskegonpundit.blogspot.com/2008/10/perfect-storm-economic-presentation.html
The amazing fact is this isn't "new" news.
It's been out there for years.
Gotta love the MSM!
Will we NEVER learn?
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