It is sad indeed that a once great city has fallen apart financially and in other parts of its structure. Detroit has filed for bankruptcy to no one’s surprise because it has been declining for years.
Can what is happening to Detroit occur to other governmental entities? Other cities and counties are having tough times and have debts that run into the billions. Detroit far outpassed the others in debt, owing about $18 billion. This area is fortunate that, to the best of our knowledge, none of the governmental entities are in serious trouble and are able to meet their financial obligations. The state of Missouri is in good financial health.
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