The city of Detroit is in the same condition that most cities in the United States are in today. It is in need of declaring bankruptcy. All the emergency manager talk and consent agreement means nothing.
The country is in trouble because of the wars with Afghanistan and Iraq. The U.S. pulled out of Iraq after 4,487 soldiers died and billions of taxpayers’ dollars were lost and unaccounted for. More than a trillion spent on nothing. What’s left is being wasted in Afghanistan.
Manufacturing jobs are all overseas, the tax base is gone and the few privileged people can’t buy all the cars and all the pizza.