The City of Detroit in Michigan has filed for bankruptcy they are - TopicsExpress

The City of Detroit in Michigan has filed for bankruptcy they are in debt 17 billion dollars or more is this a crisis for America a hurricane that we created years ago when we started driving Japanese cars , buying steel in Japan , clothes from china and bailing out banks with billions of dollars that left our urban communities with vacant lots ,boarded up houses and unemployment and this lead to no property taxes ,no income taxes and this turned Detroit into a deserted city with no tax base to support it .I believe this bankruptcy will start a rippling effect of small suburban municipalities like Harvey , Phoenix ,Robbins and East St.louis to follow suit they have the same problems. Need some feedback ?

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