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Again, that's something to be avoided. and it's not something i'm happy to be in this situation. this was a very tough decision. but it's the right decision. because ultimately the issue we need to do is to get better services for the 700,000 people of detroit. the citizens of detroit deserve better than they're getting today, in addition to dealing with this crushing debt question. we went through all the other processes we could. there were no other viable options. and once you go through every other option, then you should consider bankruptcy. we're at that point. i believe it's the right t...

Bankruptcy. snyder told reporters we'll work hard to make sure we don't need an emergency manager and bankruptcy shouldn't be on the table. so what happened? >> we worked hard on the process. that's something to be avoided. it's not something i'm happy to be in this situation. this was a very tough decision. but it's the right decision. pause ultimately the issue we need to do is get better services for the 700,000 people of detroit. the citizens of detroit deserve better than they're getting today, in addition to dealing with the crushing debt question. we went there all the other processes w...

Not being realistic and not solving the problems which is debt and senior citizens. we have an opportunity to deal with $18 billion in liabilities. and even more importantly than the debt question, there is an tub to say how do we get better assistance to citizens. >> it sounds so easy, doesn't it? the governor of michigan said he wants to improve public services. but he is doing the exact opposite. earlier this year he pointed to kevin omp rr who has taken over detroit's finances. this, bottom line here, an unelected official who began selling off public assets and slashing public services. d...

To make to use that money to run city services. we can't engage in these practices any longer. >> one of the problems, governor, one of the big problems is the erosion of the tax base. you have a city that was 2 million people. down to 700,000. you've got vacant homes. we saw brian sullivan brought back footage that he had shot this morning. street after street of vacant homes and non-tax pay iing properties. how do you restore the tax base? >> well, that's how you do that. let's solve this debt question, get better services so people see value in investing in detroit. dan gilbert's made a hug...

Decline. joining me now, the two men leading the charge to reset detroit's economy, michigan's governor rick snyder and kevin orr. governor, what is the path back? how do you reset, get approval and get detroit back on the road to recovery? >> i really appreciate that question, andrea, because that's what this is all about. this is a last resort, something i would have preferred to avoid. but now that it is here, this is the way to solve the problem. this is about 60 years of decline. 60 years in many cases of kick being the can down the road, not being realistic to solve the major problem, wh...