Detroit News shows how the Motor City is on the cusp of going bankrupt
November 13, 2011
Have you been wondering about the financial status of the city of Detroit? This column by the Detroit News' Nolan Finley shows how the Motor City is tottering on the edge of bankruptcy and may not make it financially to the end of the year. Look at the debt and how fast it's growing and look at how only 50 percent of its vendors get paid each month. Talk is that up to 500 police officers might have to be eliminated.