Comparing Detroit's Debt Obligation to Federal Government's


by The Heritage Foundation on Dec 4, 2013 | Views: 144 | Score: 1
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The Heritage Foundation
The Heritage Foundation on Dec 4, 2013 5:41 AM said:

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.