ANOTHER BANKRUPT CITY!!

AS FOR THIS TOWN, IT'S JUST A QUESTION OF WHEN.

JUST IN: Detroit becomes the largest U.S. city to file for bankruptcy.

Former Reagan economic advisor Art Laffer just weighed in on Fox News Channel: "This is the first of many that are going to happen because you couldn't get the unions to agree to get rid of the pensions and frankly, the only way you can have authority over them is if you declare bankruptcy."