Quote of the Day
[W]hat Detroit is facing is not really that unique. In fact, Detroit is a perfect example of what the future of America is going to look like. We live in a nation that is rotting, decaying, drowning in debt and racing toward insolvency. Already there are dozens of other cities across the nation that are poverty-ridden, crime-infested hellholes just like Detroit is, and hundreds of other communities are rapidly heading in that direction. So don't look down on Detroit. They just got there before the rest of us.
— "Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit," Michael Snyder at the Zero Hedge econoblog.