Chicago is racking up debt at an astounding rate with every intention of the feds paying it off. When it doesn’t happen, the city will burn.
As far as Detroit is concerned, most of the lip flapping here at FR is just a childish pissing contest to see who can trash the city the most but they’re about as knowledgeable as Rachael Maddow. Some of us have actually been watching and know what’s going on with business investing in Detroit.
So you’re implying that Detroit will emerge stronger than ever .... the confluence of having grownups fix the finances and investors continuing to invest. Cool.