It is a large Michigan city in the Midwest.
For years, it has stood out among the best.
It has been a busy hub of metropolitan activity.
This is the center of the domestic automobile industry.
Local sports fans have been happy as a lark
with new places like Ford Field and Comerica Park.
However, things have not been going so smoothly.
There have been recent dark days in this municipality.
The City of Detroit has filed for bankruptcy.
They cannot meet obligations when they come due.
This is leaving bondholders and creditors blue.
How are city officials going to pull the entity through?
Reduce spending and raise taxes. What else can they do?
From a news story found on aol.com