Well DUH!  It's here ~ especially Michigan.  When you are talking about a state falling into Bankruptcy, there is an issue.  I happen to disagree with Fitman (surprise, surprise), things have been taking a downward spiral since the Senate has been run by the Democrats!   FYI ~ the President doesn't have THAT much power ~ the Senate does!

America is already falling into a major depression. Globalization is taking care of that. We have become too dependent on too many things coming from the rest of the globe. I hope we will learn the lesson, but then, at what cost?

Shouild this happen, all you so-called conservatives had better pray another 'socialist' regime like that of FDR or Dwight David Eisenhower takes over, puts Americans back to work and saves capitalism from its own unbridled greed again or all Hell's gonna break out.