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Muni Failures Grow Increasingly Ominous, Harbingers of Systemic Collapse
Detroit's high-profile municipal bankruptcy is well-documented. And although the city once representative of America's manufacturing prowess technically proclaimed itself out of bankruptcy in December, 2014, it is hardly out of an extended period of fiscal crisis.
Detroit's high-profile municipal bankruptcy is well-documented. And although the city once representative of America's manufacturing prowess technically proclaimed itself out of bankruptcy in December, 2014, it is hardly out of an extended period of fiscal crisis.