Has any big city ever “woke up” and “smelled the coffee”? As the late Jack Benny would have deadpanned, “I am thinking. ...” But Jack comes up empty-handed too.
The 20 billion dollar debt of Detroit is just a fraction of the debt held by NY or Chicago.
People say that other cities have taxpayers but the taxpayers will leave when paying down the debt becomes urgent and taxpayers are the ones who will be milked.