Bank: Michigan GOP defaulted on $500K loan, hasn’t made payment in months
It’s often with a sense of amusing irony that one encounters headlines about situations where the proverbial shoe is on the other foot; however, the recent news of the Michigan GOP defaulting on a $500,000 loan is more than just a punchline—it is a stark and chilling testament to the state of affairs in Michigan’s political terrain. The GOP, a party long self-professed as the champion of fiscal responsibility and the torchbearer for running the government like a business, has found itself in the throes of fiscal mismanagement and allegedly fraudulent attempts to pay-off sizable debt.
Reports suggest that the state Republican party attempted to sell a building it didn’t own in a bid to offset this debt—a claim that is concerning at best and scandalous at worst, and one that they reportedly failed to actualize owing to legal repercussions.… Continue reading
Matt Underwood