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Tag Archives: Chapter 9

City of Detroit declares bankruptcy

Fried Dough (CC)

The City of Detroit is bankrupt. Conservatives have been pointing out the problem with municipalities of all sizes continuing to spend beyond their means, and now Detroit has become the largest city to date to officially apply for Chapter 9 bankruptcy protections in Federal Court. As reported in the Wall Street Journal: The Chapter 9 case filed in U.S. District ...

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