Detroit financial crisis: slashes budget 50% and 2,500 jobs, sign of things to come, across the country?

Jon in Montana spotted this: Detroit Mayor Bing's proposed budget slashes half government services budget....

Please read more from source:

http://www.freep.com/article/20120424/NEWS01/204240377/Detroit-financial-crisis-Bing-s-budget-slashes-36-250M-spending-more-than-2-500-jobs