No doubt Detroit is a mess but there are many other cities in worse shape as far as debt is concerned. Cities like Chicago, St Louis, and LA are stacking on debt at a far greater rate with no signs of slowing down.
At some point, the piper will need to be paid and we’ll be smelling the smoke from Chicago all the way to east Michigan.
I'm just glad I'm not off the Chicago L trains and have a buffer zone with the hoods. Ann Arbor will just cry. If it hits the fan in Ypsi, they'll go to Ann Arbor and cause trouble, not to the farms and woods northwest which are the 'redneck' parts.