>"because Detroit can escape via bankruptcy and the US can't" What does "escape" mean in this context? Bankruptcy means that bondholders and other investors g

>"because Detroit can escape via bankruptcy and the US can't" What does "escape" mean in this context? Bankruptcy means that bondholders and other investors get stiffed. That's a rather one-sided view of the outcome, and will itself have economic consequences beyond The City of Detroit. There is no "escape". Bankruptcy, while necessary, picks the wrong winners.