Said the New York Times, winding up a story about Michigan's fiscal
"The reasons why Michigan, one of the nation's wealthiest states, has
reached a point where it cannot pay its employees are both complex and
controversial. The simplest explanation is that expenditures over the
last three years have exceeded incoming revenue."
To continue reading: or Log-In
Want the full story?
Get TIME the way you want it
Week Digital Pass — $4.99
Pay-As-You-Go DIGITAL ACCESS — $2.99
Year ALL ACCESS — Just $30! Best Deal!
Print Magazine + Digital Edition +
Subscriber-only Content on TIME.com
Learn more about the benefits of being
a TIME subscriber
If you are already a subscriber sign up — registration is free!