Once a symbol of industralism, the city’s name has now become synonymous with decline, decay and crime. NOW, THE CITY OF DETROIT HAS BECOME THE LARGEST CITY TO DELCARE BANKRUPTCY WITH AN ESTIMATED 18.5 BILLION IN DEBT. The future of retiree pension and health benefits for thousands of city workers hangs in the balance, not to mention the 700,00 residents still living there (down from 1.8 million in 1950.) What do you believe was behind the slow leak of debt of this city that once called “Arsenal of Democracy.”
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