Detroit’s bankruptcy is a study of how to do yourself in. The union culture of Detroit prescribed a policy similar to that of Greece. The pension generosity and welfare mentality has to be paid for by someone, in all kinds of ways. And, Detroit has been paying, but not enough.
A few decades ago Detroit lost it’s political leadership, and this will always show-up, usually a generation or so later. A good lesson for the electorate of the nation.
At any rate, the Federal Government should stay out of Detroit; simply on matters of principle. After all, the Federal Government couldn’t afford it, even if it was a good cause.