Detailed text transcripts for TV channel - MSNBC - 20130313:00:23:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20130313:00:23:00

costs into the future while its population is shrinking, detroit has left the people least able to pay with the biggest share of the bills. as one consultant put it, detroit is a microcosm of what's happening in america. expect america can still print money and borrow. the united states, we can print it, borrow it, so get ourselves out of debt on a federal level, but detroit doesn't have the liberty to do that. so we'll just send people in, circumvent local elections, take the power away from the local people and we'll just run it the way we want to. is that america? it is now. is it democracy? hell no. let's turn to james hoffa. good to have you with us. what do you make of what's going on? >> it's incredible. the background also is that there was proposition one in november where the people of the state of michigan voted to end

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