by Maryann Martinez at Daily Mail
The Mayor of Houston says the city is ‘broke’ after overspending for decades.
Democrat John Whitmire, who was elected in December, gave the bleak warning at a City Hill meeting this week where he proposed a five percent cut across all city spending to alleviate the cash-flow problem.
‘I think we can all agree that we’re broke,’ Whitmire said, before proposing the planned cuts.
‘This gives us a chance to discuss the financial picture of this City. It is broken! It was broken when I got here, ‘ he said.
America’s fourth largest city is spending more money than it’s taking in, leaving it with a $160 million deficit, according to FOX 26 Houston. …
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