What would a Financial Review Team say about Obama's plan?

A Detroit Financial Review Team has said that Detroit has no satisfactory plan for restructuring to prevent insolvency.

The same might be said of Barack Obama’s federal budget.

At least Detroit’s top pol, Dave Bing, admits that the city has a problem. While the mayor pushed back on the state’s review Wednesday – citing his own plans to reduce the city’s deficit – President Obama blithely declared that a 2 percent cut in federal fat would devastate the nation, starve children, create chaos in Americas’ airports, and close the Washington monument.

“President Obama left out three key facts,” said Michigan Rep. Candice Miller, R-Port Huron, in response to the president’s fear-mongering. “One, that the sequester was included in the Budget Control Act at the suggestion of his Administration. Two, that U.S. House Republicans have twice passed legislation to enact more responsible cuts and reforms to replace the sequester . . . but the U.S. Senate refused to take action on either bill. And three, that in 2013 the Congressional Budget Office projects that the federal government will take in more in tax receipts than ever before which makes it clear that the American people aren’t taxed too little, the problem is that the government spends too much.”

But if Michigan’s media understand Detroit pols’ lack of action – on Planet Washington they are more than happy to sing chorus to Obama’s propaganda.

“Michigan would lose thousands of jobs and have to cut back on educational programs and other services if Congress and President Barack Obama don’t reach a fiscal deal in the next several days,” reads MLive’s lead graph today.

Yeesh. Get a room.