Detroit Emergency Manager Kevyn Orr: "We Dug The Hole"
CHRIS WALLACE: What would you like to see the state of Michigan do to help Detroit? Or would you like to see Washington do?
KEVYN ORR: Well, right now, I'm an appointed official. Not elected official. I'm going to stay in my lane. I'm not going to stray into political morass.
But one thing I would say is we operate on the assumption that we have to clear this process, this problem, on our own. We are not expecting the cavalry to come charging in. We are out here on outpost and we have to fix it because we dug the hole. And that's the assumption that we are operating on, on how we're going forward.
WALLACE: Who is we? City of Detroit? The state of Michigan?
ORR: The city of Detroit. The city of Detroit.
I mean, a lot of this debt, a lot of the practices that I put forward in my June 14th report, that talked about deferrals, unfunded obligations, borrowing, addiction, the debt -- even a level of corruption from 2002 to 2008, which was significant -- have created this problem.
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