Opinion/Op-ed
Detroit - the Greece of Midwest
Bankruptcies by major California cities are making headlines these days, but it’s a good bet the worst is yet to come. And not just in the Golden State. For most of the same reasons — corruption, public sector unionism, out-of-control spending — we may soon witness the formal bankruptcy of a city once known worldwide as an economic powerhouse. That city is Detroit, Mich.
