The city of Detroit filed for bankruptcy in large part due to the city’s huge unfunded obligations, which totaled $26,655 per capita. That amount, however, is only one-eighth the size of the burden currently facing all Americans: The federal government’s $69 trillion in debt and unfunded obligations works out to $218,169 per capita.
The city of Detroit filed for bankruptcy in large part due to the city’s huge unfunded obligations, which totaled $26,655 per capita. That amount, however, is only one-eighth the size of the burden currently facing all Americans: The federal government’s $69 trillion in debt and unfunded obligations works out to $218,169 per capita.