Bloomberg is reporting that Michigan may be training as many as 400 Emergency Financial Managers to take over the state’s struggling communities and school systems. Pervious reports had put the number at less than half that. Here’s a clip from the article.
…Michigan is giving hundreds of financial professionals and public employees a crash course in advising troubled municipalities, building an army of emergency managers that may become a model for other U.S. states.
As many as 400 accountants, lawyers, school employees and city workers will start classes in Lansing today on topics including “Dealing with the Unionized Workforce,” navigating municipal bankruptcy and negotiating contracts for sewer, water and other utilities…
For those of you who are new to the subject, I’d suggest reading our previous discussions on EMFs, the somewhat ambiguous criteria that trigger their deployment, and the unprecedented powers that they wield to break union contracts and unseat democratically elected officials. [Part I, Part II, Part III, and Part IV.]
And here’s an idea for the Democratic Party of Michigan, if, in fact, it still exists… Let’s not continue to call these extremely power, non-elected, highly-paid political cronies Emergency Financial Managers. Let’s call them Czars. After the Tea Partiers have invested so much to negatively define the term, it would be a shame not to use it.