I will post a transcript as soon as one is available.
Astounding, isn't it? It's not just being proposed, this bill is moving forward in the MI legislature, and getting closer and closer to becoming law. So, basically, the plan is as follows: cause financial crisis in localities, then dismiss local governments elected by the people and take over by fiat. It's true what they say: the GOP doesn't just hate Democrats. They hate democracy.
You can read the bill here. If you have any way to do so, please support the protesters in Michigan.