FallingWith our national debt nearing $17 trillion and with unceasing growth in the size of government, one may begin to wonder, will all of America follow in the footsteps of Detroit?

If you missed the article, “25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head,” from Tyler Durden at Zerohegde.com here are a few notables that are mentioned:

  • “Once upon a time, the city of Detroit was a teeming metropolis of 1.8 million people and it had the highest per capita income in the United States.  Now it is a rotting, decaying hellhole of about 700,000 people that the rest of the world makes jokes about.”
  • “Detroit is facing $20 billion in debt and unfunded liabilities.  That breaks down to more than $25,000 per resident.”
  • “Between December 2000 and December 2010, 48 percent of the manufacturing jobs in the state of Michigan were lost.”
  • “If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.”
  • “In 1950, there were about 296,000 manufacturing jobs in Detroit.  Today, there are less than 27,000.”

Read the full article from Zerohedge.com at this link.