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Detroit Deep in Debt: City filed for bankruptcy, but ‘hit rock bottom long ago’


A small sigh of relief for pensioners and people with disabilities in Detroit – with the bankrupt city saying their benefits are safe, at least for the next six months. The city – once the jewel of American industry – is now in 18.5 billion dollars in debt, and with little prospect of paying that back. READ MORE:http://on.rt.com/owydu7

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