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Detroit is actually in better shape than America
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)

Detroit is actually in better shape than America

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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Meredith Jessup

Meredith Jessup

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