Detroit May Go Bankrupt In Four Days (Congress, illegal, federal government)
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It's going to be an interesting ride. Detriot may well be the first major city to go bankrupt...what will be the first state? I really have to wonder what goes through the minds of the leaders of these places? How do they imagine they can keep spending more than they bring in? I mean, who do they think they are, the feds?
Cleveland defaulted in 1978 under Dennis Kucenich.
Although I do not think it will happen, I would LOVE to see Detroit go bankrupt.
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