Unless the EFM (emergency financial manager) can tear up ALL the public union contracts and make the insane public union pension plans null/void...
There is no saving Detroit.
You are absolutely right.
“The review team found Detroit’s cash-flow deficit is nearly $100 million. That’s on top of an accumulated deficit of $327 million. The city also has $14.9 billion worth of unfunded pension and employment retirement liabilities, according to the review team report. In five years, it needs $1.9 billion to begin making payments on the debt.”
The same situation no doubt repeated (repeating) elsewhere, Philly, Chicago being one of those.