Ravitch discusses Detroit, NY infrastructure needs
The former head of the MTA and David Paterson's Lieutenant Governor, Richard Ravitch, isn't slowing down.
He helped New York City get out of its dire financial situation in 1975 and almost forty years later he's trying to do the same with the city of Detroit. He was appointed recently by Michigan Governor Rick Snyder to act as a senior advisor to the financial review commission that is overseeing the troubled municipality.
We discuss the challenges in reviving the financially-strapped city and he also weighs in on what he thinks the governor and legislature should do with the budget surplus. Watch the complete interview above.