Detroit Files Bankruptcy - What Will Bankrupt America

Detroit, which was the fourth largest city in America back in 1960, has gone bankrupt. Kevin Swanson reviews both the tertiary causes and the fundamental causes on this segment of Generations. Could this trend affect other cities over the next 20-30 years? We had better start taking notes! The education system is spending $12,800 per student and producing an illiteracy rate of 47%. But that's not the fundamental problem with Detroit.