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Roger Hedgecock: The nuclear debt bomb

Detroit is in bankruptcy, the dwindling tax base unable to provide basic city services and still make payments on a $20 billion debt. That’s twenty thousand million dollars of debt. Voices in Detroit clamor for a federal bailout. What’s good enough for GM and Chrysler should be good enough for the people of the city once proclaimed the “Paris of the West.” Read more.

 

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