MICHIGAN: Financial Disaster

In his sixth straight term as Michigan's Governor, Democrat G. Mennen Williams is awash up to his green bow tie in money troubles. Last week he sputtered that the Republican majority in the Michigan senate had "doomed the state to a financial disaster" by rejecting his plea for a $50 million bond issue to meet state payrolls and other pressing expenses.

The fiscal troubles of wealthy "Soapy" Williams (Mennen powder, shaving cream, etc.) arose partly because welfare legislation passed at his urging gobbles up a lot of revenue. But the immediate cause of...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!