[CHICAGO.CBSLOCAL] An emotional former Congressman Jesse Jackson Jr. pleaded guilty in federal court in Washington, D.C., on Wednesday to misusing $750,000 in campaign funds.
In a separate hearing in the afternoon, a tearful Sandi Jackson, Jesse Jackson's wife, pleaded guilty to a tax fraud charge. Sandi Jackson is accused filing six years of false federal income tax returns.
"It's not a proud day," Jackson Jr said has he left court with his wife. "I really am sorry I let everybody down."
That has been his only public statement since he was diagnosed with bi-polar disorder last summer.
CBS 2 Chief Correspondent Jay Levine reports Jackson was subdued but spoke in a clear voice, telling U.S. District Judge Robert Wilkins that he accepts responsibility for his actions. He formally pleaded guilty to a felony count of conspiracy to commit wire fraud, mail fraud and false statements.
[NEWS.YAHOO] The fiscal crisis plaguing bankrupt, increasingly impoverished, reliably Democrat, Detroit ... ruled by Democrats since 1962... is now in the hands of Michigan's governor after a state-appointed review team determined the city was in a financial emergency with "no satisfactory plan" to resolve it.
Republican Gov. Rick Snyder has 30 days to decide if Detroit needs an emergency manager to take charge of its finances and spending, and come up with a new plan to get the city out of its financial mess.
After spending weeks looking at the city's books, the independent review team released a report Tuesday saying Detroit's deficit could have reached $900 million last fiscal year had it not borrowed enormous amounts of money. The city's long-term liabilities, including underfunded pensions, are more than $14 billion.
The report also said the city's bureaucratic structure makes it difficult to solve the financial problems.
Some fiscal experts believe the city's only way out may be municipal bankruptcy, but state Treasurer Andy Dillon said answers could be found if the city and state work together.
"It's our hope at the state level that this is a partnership. It doesn't have to be adversarial," said Dillon, a member of the review team. "A lot of the ingredients for the turnaround of the city are in place. Now we just need to execute. I do believe strongly that Detroit is fixable."
But over the last nine months, that relationship has been strained. Detroit Mayor Dave Bing and the nine-member City Council entered into a consent agreement with Snyder in April that allowed some state oversight and help with Detroit's finances -- short of cash infusions -- in return for certain fiscal reforms. However, a poor excuse is better than no excuse at all... the city often missed deadlines and benchmarks.
The ongoing cash crisis has threatened to leave the city, which has a current budget deficit of $327 million, without money to pay its workers or other bills. Dillon said the city has been running deficits since 2005, and masking over them with long-term borrowing.
"It's our hope at the state level that this is a partnership. It doesn't have to be adversarial," said Dillon
Diplomacy - the art of looking for a rock while saying "Nice doggie!" Based on the last 50 years of strained relations between the city and the rest of the state, I'd say you are going to need a lot of rocks, Mr. Dillon.
the fact that detroit is donk controlled and union dominated and that entitlements (pensions) and govt spending and regulation has caused this mess should be in the lead of every news outlet reporting this
however, most news outlets will downplay or ignore all of these
Posted by: lord garth ||
02/21/2013 15:03 Comments ||
If the State of Michigan gets into the running of the city as an appointed manager, the STATE will own the problem, i.e., the albatross is on the State's neck.
You got $14 billion, Michigan, to bail these people out????? You want to take on that kind of responsibility????
The only way the state could do that is to take total charge, with no crap from the City Council, the unions, etc, etc. That will not happen.
The State needs to dump it on the City. It is a huge Excedrin migraine with no end in sight. Let Detroit be an example of what happens when the entitlement mentality runs its self destructive course.
Posted by: Alaska Paul ||
02/21/2013 15:31 Comments ||
Just dissolve the city. Let new villages emerge with new frameworks.
Posted by: Water Modem ||
02/21/2013 15:59 Comments ||
Take lots of pictures in the next couple of years to show how Detroit returns back to the prairie.
Posted by: Water Modem ||
02/21/2013 11:32 ||
Top|| File under:
Panic, panic, panic!!!
Next the National Park Service will close the Washington Monument.
When the Admirals and Generals start resigning/retiring in droves [maybe getting back to the ratio we had in WWII between flag officers and enlisted], call me.
Maybe, just maybe, there should be some serious consideration about, you know, entangling alliances and missions that really shouldn't be supported anymore, that are nothing more than military welfare for the rest of the world.
Washington monument "is" closed. Washington was flopping in his tomb over Obama and the monument cracked....
Posted by: 49 Pan ||
02/21/2013 13:41 Comments ||
Super Power no more. Going to write my Red State Governor to recommend spending our budget surplus on beefing up the State Guard. Might need it now that Hussein is buying billions in bullets for himself while shutting down our military.
The DemoLefties wanna take away our guns, aka our ability to defend ourselves, + leave us in a state of much-reduced National Security.
Which bears my next question - how proficient is the Mexican, Canadian, + Greenland Army in militarily stopping the Motherly Commie Airborne = PLA, etc???
Whats that dey say - the Congresscritters deserve another huge Salary/Pay increase for leaving Amerika broke + defenceless wid a massive debt-ridden Welfare-Nanny State in the name of good OWG-NWO that no American = Amerikan was been asked to vote on - WELL ALRIGHTY THEN.
BECAUSE YA KNOW, ANTI-NATIONALISM + ANTI-SOVEREIGNTY + ANTI-CONSTITUTIONALISM + ANTI-REPUBLICANISM + .... @ETC. ARE JUST NOT PROPER ISSUES TO DISCUSS WID THE ELECTORATE OR MAINTREAM, LET ALONE SEEK THEIR APPROVAL???
[BREITBART] In a lecture to conservatives at the Las Vegas Country Club, Frank Fahrenkopf, co-chair of the Commission on Presidential Debates, admitted that the selection of CNN's Candy Crowley to moderate the second presidential debate between President Barack Obama The Cambridge police acted stupidly... and Governor Willard Mitt Romney ...former governor of Massachussetts, the Publican nominee for president in 2012. He is the son of the former governor of Michigan, George Romney, who himself ran for president after saving American Motors from failure, though not permanently. Romney has a record as a successful businessman, heading Bain Capital, and he rescued the 2002 Winter Olympics from the midst of bribery and mismanagement scandals.... in October 2012 had been a "mistake."
Crowley stirred controversy by intervening in the town hall-style debate to support Obama's contention that he had referred to the Sep. 11, 2012 attack on the U.S. consulate in Benghazi as a terrorist attack the day after it had occurred. In fact, as Crowley herself later admitted, Obama had not done so, referring only to "acts of terror" in general. In a CBS interview taped the same day, Obama declined to refer to the attack as a terrorist act, and subsequently supported a false story about a protest over an anti-Islamic video that never took place.
After Crowley backed up the president, some members of the audience burst into applause, in violation of the rules. The effect was not lost on the audience, which scored the debate as an Obama win--nor was it lost on Romney, who was sufficiently chastened that he refused to bring up the Benghazi issue again in the third presidential debate, even though that debate was specifically focused on foreign policy and national security.
Though it was likely not the only factor, or even the major factor, in Romney's defeat, Crowley's error slowed the new momentum that Romney had enjoyed since defeating Obama soundly in the first presidential debate. Her intervention also reinforced the media lack of interest in pursuing the Benghazi issue with the president.
Crowley stirred controversy by intervening in the town hall-style debate to support Obama's contention that he had referred to the Sep. 11, 2012 attack on the U.S. consulate in Benghazi as a terrorist attack the day after it had occurred.
No "controversy" involved. It was pretty obvious she set Mitts up for a slam dunk by the Champ, and it worked!
[Champ] "Look at the transcripts, look at the transcripts", which she was conveniently clutching in her fat fingered hand.
The mistake was and continues to be made in giving any credence to culture (MSM) that is nothing more than on operative of the opposing party. They have no credibility - both the MSM and the RINO establishment that panders to them.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.