Guess Which 6 Cities Are Even Worse Off Than Detroit
Detroit's bankruptcy filing last week may have secured its spot in everyone's minds as the armpit of America, but Detroit's Mayor Dave Bing insists that his city is not the only one in such dire straits. He told George Stephanopoulos 'that there are over 100 major urban cities that are having the same problems...we may be one of the first [to go bankrupt], we are the largest, but we absolutely will not be the last." Indeed, even cities like Baltimore, Los Angeles, Cincinnati, and Chicago are experiencing what credit-rating agency Moody's calls "budgetary pressure." So how does Detroit stack up against some of America's other struggling cities? We list the worst performers in the most critical categories.