Bankrupt Cities

Michigan Governor Says a Government Bailout Is Wrong for Detroit

Like flushing money down the toilet

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Gov. Rick Snyder, R-Mich., said Sunday on "Face the Nation" that granting Detroit a government bailout would be the wrong way to help the bankrupt city.

"I do not view that as the right answer," Snyder told "Face the Nation" host Bob Schieffer when asked whether he would ask the federal government for a bailout. "The right answer is, bankruptcy is there to deal with the debt question."

Snyder said the state cannot bail out Detroit, and while the federal government will make its own decision on a bailout, he said, "I don't expect one."

"It's not just about putting more money in a situation," the governor said. "It's about better services to citizens again. It's about accountable government."