I am surprised Detroit is not in bankruptcy. I’m sure it will be one of the first to go down. But I guess they are trying to save those bus driver jobs, and if they file bankruptcy, that won’t happen.
Detroit has been bankrupt for years. It simply refuses to admit it.
It's only a matter of time. I wouldn't look for it to become official until after the 2012 election--pretty embarrassing for Zero to have to explain that.
Oh, wait and nevermind! It's Bush's fault!