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Detroit is actually in better shape than America

News
Meredith Jessup
August 05, 2013
FILE - In a Dec. 12, 2008 file photo, a pedestrian walks by graffiti in downtown Detroit. On Thursday, July 18, 2013 Detroit became the largest city in U.S. history to file for bankruptcy when State-appointed emergency manager Kevyn Orr asked a federal judge for municipal bankruptcy protection. (AP Photo/Carlos Osorio, FILE)

The city of Detroit has filed for bankruptcy, but it would likely surprise most Americans to know that its debt ratio is actually a lot better than the federal government's.

The only difference? Detroit doesn't have the ability to print more money.

Via the Heritage Foundation:

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